Kingfisher Plc Sponsored ADR ( (KGFHY) ) has released its Q4 earnings. Here is a breakdown of the information Kingfisher Plc Sponsored ADR presented to its investors.
Kingfisher Plc Sponsored ADR is a multinational home improvement company operating in the retail sector, known for its diverse range of retail banners and strong presence in key European markets. In its latest earnings report for the year ending January 2025, Kingfisher Plc reported a slight decline in total sales by 0.8% at constant currency, with like-for-like sales down by 1.7%. Despite the challenging market conditions, the company achieved market share gains across all key regions, driven by strong growth in e-commerce and trade customer sales. The company’s gross margin improved by 50 basis points to 37.3%, reflecting effective cost management and supplier negotiations. However, statutory pre-tax profit saw a significant decline of 35.4% to £307 million, primarily due to lower operating profit and impairments in France. Looking ahead, Kingfisher Plc remains focused on progressing its strategic objectives, including further market share gains and effective management of gross margin, costs, and cash. The company is guiding to an adjusted pre-tax profit of £480 million to £540 million for FY 25/26 and has announced a new £300 million share buyback program, reflecting confidence in its growth opportunities.