Ian Pollard – Kingfisher #KGF Not So Chirpy

Kingfisher plc KGF claims that its engine has now been largely rebuilt and it is confident in delivering significant financial benefits but only over time. And looking at results for the year to the 31st January, that time sees nowhere near having arrived. Growth in sales, margin and returns is being targeted but only over […]

Ian Pollard – Kingfisher’s #KGF double digit dive

Kingfisher KGF Despite double digit declines in virtually everything for the half year to the 31st July, Kingfisher tries to put a brave face on things and claim that for the third year in a row, it is on track to deliver strategic milestones. That can only be true if it had some very peculiar […]

Ian Pollard – “Good Progress” at Kingfisher #KGF as profits & earnings dive

Kingfisher KGF claims to have delivered key strategic milestones for the second year in a row as  statutory profit before tax fall by 10.1% and basic earnings per share by 18.5%. Definately a milestone of some sort there. Even the CEO joins in claiming this is all good progress.On a reported and adjusted basis earnings […]

Ian Pollard – The Poles Are Doing Well Back Home

Kingfisher KGF Third quarter sales illustrate the problems facing many European high streets. The UK & Ireland did reasonably well with a rise of 1.5% on a like for like and constant currency basis although this was only possible because of a 10.2% rise at Screwfix. France, Russia and Spain performed badly and the only […]