Kingfisher Issues Third Profit Warning in Six Months, Sales Decline Continues
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Home improvement retailer Kingfisher has issued its third profit warning in six months, stating that current-year profit will fall short of analysts' expectations . The company reported an operating profit of £580 million for 2023, down 20% from the previous year, with sales falling 0.6% to £12.98 billion . This marks the third time Kingfisher has warned on its outlook in the past six months . Despite the decline in sales and profit, Kingfisher will keep its dividend unchanged at 12.4 pence .
The latest profit warning from Kingfisher comes as the home improvement retailer continues to face challenges in its sales performance . The company has been struggling to meet analysts' expectations and has experienced a decline in sales over the past year . Kingfisher's sales fell 0.6% to £12.98 bi...
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