“We continue to see a good take-up of kitchen and bathroom… you have a lot of bathroom projects this year, which are pretty expensive.”
The business, which also owns Screwfix, said sales were impacted by unseasonably poor weather in July, which affects demand for home improvement projects. Kingfisher said it was planning to more proactively manage costs in the second half of the year, which could involve reducing temporary staff numbers and overtime and slowing the pace of store openings in some regions.
As a result of the half-year results and tougher trading conditions, the group lowered its adjusted pre-tax profit expectations for the full year to around £590 million from the previous guidance of £634 million.
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