Warm Easter tipped to boost profits at B&Q owner Kingfisher
Analysts at Jefferies are pencilling in a 2.6 per cent rise in like-for-like sales over the period, comparing with a torrid start to 2018 when trading slumped 9 per cent amid the Beast from the East extreme weather.
Overall first-quarter like-for-like sales at Kingfisher, which also owns chains including Castorama in France and Screwfix, are likely to rise by around 1 per cent, according to Jefferies.
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Hide AdThe trading update comes as the group searches for a successor to under-fire boss Veronique Laury.
It announced in March that she planned to step down but has not yet set a departure date.
Kingfisher’s annual report this month showed her total pay package rose by 11 per cent to £1.8 million thanks to a hefty salary hike and bonus.