B&Q owner targets full-year profit at top end of forecast range

Retailers are battling supply chain disruptions and labour shortages.

Kingfisher said it made a good start to its fourth quarter, with like-for-like sales to November 13 up 0.4% year-on-year and up 13.2% on a two-year basis. File Picture: Collins

B&Q owner Kingfisher has forecast full-year profit towards the higher end of the £910m-£950m (€1.08bn-€1.1bn) range previously guided after reporting strong third-quarter sales on a two-year basis.

The DIY and home improvement retail group, which owns B&Q and Screwfix in Ireland and the UK, and Castorama and Brico Depot in France and other markets - said like-for-like sales fell 2.4% in the three months to the end of October against high numbers a year ago when it benefited from soaring demand during the pandemic.