# Britain’s Kingfisher sees annual profit towards higher end of forecasts
Published: 2021-11-19
Category: News
Category URL: https://blockchaintribune.com/category/news/
Meta Title: Kingfisher forecasts year-end profit at high end amid strong sales
Meta Description: British home improvement retailer Kingfisher projects full year profit towards upper range after solid third quarter sales surge. Like-for-like sales up 15.0% o
URL: https://blockchaintribune.com/britains-kingfisher-sees-annual-profit-towards-higher-end-of-forecasts/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsvj8y0041wirgw17s2dn1/images/2021-11-19t072044z1lynxmpehai09hrtroptp4kingfisher-stores-screwfix-1737053661705-compressed.jpg)

LONDON (Reuters) – British home improvement retailer Kingfisher forecast full year profit towards the higher end of its previously guided range of 910-950 million [pounds](https://blockchaintribune.com/britains-co-op-profit-slides-after-petrol-forecourt-sale/) ($1.23-$1.28 billion) after [reporting](https://blockchaintribune.com/indias-bharti-enterprises-to-buy-altice-uks-stake-in-bt-group/) strong third quarter sales on a two-year basis.

The group, which owns B&Q and Screwfix in the United Kingdom and Castorama and Brico Depot in France and other markets, said like-for-like sales fell 2.4% in the three months to Oct. 31 against high numbers a year ago when it benefited from soaring demand during the COVID-19 pandemic.

But like-for-like sales on a two-year basis were up 15.0%.

($1 = 0.7410 pounds)

[(Reporting](https://blockchaintribune.com/indias-bharti-enterprises-to-buy-altice-uks-stake-in-bt-group/) by James Davey; editing by Guy Faulconbridge)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---