Earnings release
Page 1
King sher Q4 pre - close trading update 12 January 2021 : Kingfisher plc ( ' Company ' , ' Group ' or ‘ Kingfisher ' ) is today providing an update on Q4 trading to date . Q4 trading to 9 January As announced on 19 November 2020 , Kingfisher's Q3 20/21 Group LFL ( 1 ) sales were up 17.4 % , while Q4 20/21 Group LFL sales ( to 14 November ) ( 2 ) were up 12.6 % . Since then , Kingfisher has continued to experience strong demand across its markets with Q4 20/21 Group LFL sales ( to 9 January 2021 ) ( ³ ) up 16.9 % . Financial year to date ( 1 February 2020 to 9 January 2021 ) , Group LFL sales are up 6.5 % . Based on trading to date , the Group is comfortable with the top end of the range of current sell - side analyst estimates ( 4 ) for FY 20/21 adjusted profit before tax . Operational status While our c.1,380 stores remain open for in - store purchasing and click & collect , under strict social distancing and safety protocols , recent restrictions imposed within the United Kingdom and Republic of Ireland mean that some discrete areas of certain B & Q stores have been temporarily closed . For further detail on this and the current lockdown restrictions in each of our markets , as of 11 January 2021 , please refer to the ' Supplementary information ' section below . LFL sales by month in Q4 ( to date ) Monthly sales UK & Ireland France Other International - Poland - Iberia ( 5 ) - Romania ( 6 ) Group LFL ( 7 ) E - commerce sales ( 8 ) % LFL ( ¹ ) Change Nov 2020 Dec 2020 + 24.0 % + 20.8 % + 29.4 % + 11.6 % + 9.7 % + 20.6 % + 12.5 % + 22.1 % + 154.3 % ( 0.1 ) % + 1.3 % + 0.2 % ( 6.3 ) % + 17.4 % + 11.4 % + 155.4 % Overall , Q4 20/21 Group LFL sales ( to 9 January 2021 ) are up 16.9 % , supported by e commerce sales growth of over 150 % . The slower growth in November , relative to Q3 and December , largely reflects the impact in France of a negative calendar effect year on year ( c . - 5 % impact on LFL sales ) , the closure of certain ranges within stores during the November lockdown , and the less favourable trend for trade - oriented business versus general home improvement , due to the stringent restrictions in France . Sales growth in December accelerated , helped by significantly stronger growth in France ( in both Castorama France and Brico Dépôt ) post the November lockdown . The UK & Ireland continued to perform strongly in December , with growth at Screwfix accelerating from November . Screwfix is on track to reach £ 2 billion of total sales in FY 20/21 . 1