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Kingfisher (LSE: KGF) 3Q17 TRADING UPDATE: GROWTH HELD BACK BY FRANCE

Executive Summary

  • British DIY group Kingfisher reported 3Q17 total sales growth of 1.3% at constant currency, sequentially weaker than the 2.7% figure reported in 1H17.
  • Group comps came in at 1.8% for 3Q17, down from 3.3% in 1H17, impacted by softer growth in the UK and a steeper decline in France.
  • Poland remained a bright spot, with comps up 6.7%.

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