Kingfisher plc decline gathers pace as Euro operations weigh on results

Kingfisher plc decline gathers pace as Euro operations weigh on results

A share tip circled in a newspaper share listingLacklustre European sales appear to be holding back home improvement firm Kingfisher plc (LON:KGF), especially in Europe, where sales slipped back during the first half of this year.

Although UK sales (B&Q and Screwfix) climbed by 4.7% during the first half on a like-for-like basis, these only accounted for 30% of profits last year and will not be enough to prop up the firm’s earnings if its international operations don’t respond to the company’s plan to accelerate price cuts.

In a new article for the Motley Fool this morning, I took a closer look at noted the growing similarities between Kingfisher and that other struggling retailer, Tesco.

You can read the full article by clicking here.

Disclaimer: This article is provided for information only and is not intended as investment advice. The author may own shares in the companies mentioned in the article. Do your own research or seek qualified professional advice before making any purchase decisions.