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Kingfisher recovery accelerated by DIY boom

However, the retailer warned of a potential slowdown during the second half due to macroeconomic uncertainty
Kingfisher recovery accelerated by DIY boom
  • Rise in DIY prompts acceleration in sales  
  • Dividends reinstated with improved target for earnings coverage

A surge in home improvement activity and limited disruption to store openings during the pandemic has accelerated the turnaround in Kingfisher’s (KGF) core businesses. Like-for-like sales rose 7.1 per cent at constant currencies, led by the UK and Ireland, as all regions speedily reversed the contraction suffered during the first quarter.  

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