Kingfisher(MX:KGFN)
MX$71.840.00 (0.00%)
MX:KGFN
Kingfisher earnings date
MX$71.84
At close:0.00 (0.00%)
Kingfisher (KGFN) Q2 2027 Earnings Report
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MX:KGFN Q2 2027 EPS Results
- Actual EPS
- MXN 4.20
- Consensus EPS
- MXN 4.25
- Beat/Miss
- Missed by -MXN 0.05
- One Year Ago EPS
- MXN 3.62
MX:KGFN Q2 2027 Revenue Results
- Actual Revenue
- MXN 164.65B
- Expected Revenue
- MXN 85.11B
- Beat/Miss
- Beat by +MXN 79.54B
- YoY Revenue Growth
- +0.78%
Earnings Announcement Details
- Quarter
- Q2 2027
- Date
- 09/22/2026
- Time
- Before Open
- Conference Call
- Tuesday, September 22, 2026
MX:KGFN Upcoming Earnings
Kingfisher's next earnings date is estimated for March 23, 2027, based on past reporting schedules.
Q2 2027 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2027 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive overall. Kingfisher reported profit, earnings per share and cash-flow growth, upgraded full-year profit and free-cash-flow guidance, gained momentum in Trade, e-commerce, Marketplace, Poland, Iberia and Screwfix, and highlighted continued margin and cost discipline. These strengths outweighed challenges from softer DIY and bathroom demand, weather disruption, Brico Depot France's decline, operating-cost inflation and the developing profitability of Screwfix France.
Company Guidance
Management said its assumptions for the second half remain largely unchanged, including a mixed consumer environment, a limited impact from events in the Middle East on energy and freight costs, rational pricing behavior and maintaining competitive prices while managing gross margin and cost effectively; it upgraded adjusted profit before tax guidance to a range of GBP 595 million to GBP 635 million, an increase of GBP 20 million at the midpoint, and free cash flow guidance by GBP 20 million to between GBP 480 million and GBP 520 million. The target is 30% e-commerce penetration across Kingfisher, with Screwfix France opening another 3 stores in the second half, bringing the total store count to 37, and management said Poland’s profit margin will improve in the coming years; Screwfix France could ultimately expand to 600 stores broadly, but management said it needs to be patient and is prioritizing proof over pace and repeatable, profitable economics.
- Sales and Adjusted Profit GrowthH1 sales, including Marketplace GMS, grew 1.6% in a mixed market environment. Adjusted profit before tax increased 9.9% to GBP 404 million, reflecting strong gross margin performance and disciplined cost control.
- Strong Earnings per Share and Cash GenerationAdjusted earnings per share grew 16%, supported by profit performance and the share buyback program. After investing in strategic priorities, Kingfisher generated GBP 339 million of free cash flow.
- Healthy Balance Sheet and Shareholder ReturnsNet leverage was 1.4x and management described the balance sheet as very healthy. Kingfisher returned GBP 333 million to shareholders through dividends and share buybacks during H1, announced an interim dividend of 3.8p per share, and expects to have completed GBP 175 million of its GBP 300 million share buyback program by the end of December.
- Upgraded Full-Year GuidanceAdjusted profit before tax guidance was upgraded to GBP 595 million to GBP 635 million, an increase of GBP 20 million at the midpoint. Free cash flow guidance was also upgraded by GBP 20 million to GBP 480 million to GBP 520 million.
- Gross Margin Expansion and Structural Cost ReductionGross margin added GBP 40 million through group buying and sourcing, Marketplace and Retail Media growth, foreign exchange tailwinds and the disposal of Romania last year, partly offset by freight headwinds and a higher trade mix. Structural cost reductions contributed GBP 44 million through distribution center space optimization, procurement efficiencies and store operating model improvements.
- Resilient Core and Seasonal SalesResilient core and good seasonal sales more than offset weakness in big-ticket categories. Core sales saw broad-based growth across repair and maintenance categories, including tools and hardware, joinery and electrical. Seasonal sales grew against strong comparators, with all banners delivering growth in Q2.
- Trade Growth and Increasing PenetrationGroup Trade Sales reached GBP 2.1 billion and grew 16% excluding Screwfix. Trade penetration increased by more than 3 percentage points to 31% of sales. Trade zones were present in 49% of stores, 58% of stores hosted a trade sales partner, and 438 trade sales partners were enrolled across the banners.
- TradePoint Share GainsTradePoint continued to take share in a subdued trade market. Sales from customers covered by a trade sales partner grew 23%, allowing TradePoint to gain market share in the half.
- Outstanding Screwfix UK PerformanceScrewfix delivered like-for-like sales growth of 5.6%, significantly outperforming the market. Growth was volume-led and supported by its rewards program, with existing customers increasing spend and new customers joining the platform.
- Screwfix Rewards and Expanded Product ChoiceLess than a year after launch, Screwfix Rewards had more than 2.3 million active customers and accounted for 44% of total sales. The Footshore partnership generated GBP 12 million of sales in its first year by offering more than 12,000 footwear SKUs, with 70% of orders collected in stores.
- UK and Ireland Retail Profit GrowthU.K. and Ireland retail profit increased 4.9% to GBP 361 million. Excluding the GBP 14 million business rates refund, profit growth was 6.1%, reflecting operational and financial discipline.
- Castorama Transformation ProgressCastorama had addressed 24 stores, with rightsized stores delivering double-digit improvements in sales densities and revamped stores generating a higher profit contribution than the Castorama estate average. Nine further stores were on track to be addressed in the second half.
- Castorama Digital, Trade and Range MomentumCastorama France like-for-like sales including Marketplace GMS increased 0.4%, and like-for-like sales returned to growth in Q2 for a fourth consecutive quarter of sequential improvement. Trade penetration increased 6.5 percentage points, e-commerce sales grew 11%, Marketplace was profitable after two years, and ranges already reviewed were growing 5.1%, with some growing double digits.
- Poland Growth and Margin ImprovementPoland total sales increased 3.6% and like-for-like sales grew 2.2%, with market share gains in a growing market. Trade sales grew 14%, e-commerce sales grew 39%, Marketplace reached breakeven, retail profit increased 15.7% to GBP 60 million, and retail margin increased 60 basis points.
- Iberia Market OutperformanceIberia delivered like-for-like sales growth of 7.7%, supported by its competitive price position and momentum in trade and e-commerce. Retail profit increased 17% to GBP 13 million, retail margin increased 30 basis points, and two stores were opened, representing the first Iberia openings in a decade.
- Screwfix France MomentumScrewfix France store like-for-like sales increased 48%. Brand awareness, repeat customer purchases, trade penetration of around 55% and the network effect from increasing store density were all progressing. Two stores opened in H1 and three further stores were planned for H2, bringing the total store count to 37.
- E-commerce and Marketplace ExpansionExcluding Screwfix, e-commerce sales reached GBP 1.6 billion and grew 16%, with penetration increasing to 22% of sales. Marketplace GMV grew 42%, represented 18% of e-commerce sales and contributed more than GBP 13 million of retail profit. B&Q Marketplace offered close to 5 million SKUs.
- Retail Media and International Marketplace DevelopmentRetail Media grew 75% in the half. Kingfisher onboarded more than 80 international merchants, which accounted for less than 10% of GMV, and management highlighted further potential to increase cross-border marketplace activity.
- Digital and AI InvestmentsKingfisher continued investing in technology, including its Marketplace platform, natural language search, agent-enabled shopping, voice capability for digital agents and the Fabric content platform. Fabric creates product content in minutes to improve speed to market, search engine optimization and conversion.
- Own-Brand Range GrowthNew outdoor ranges grew sales 8%. Expanded MacAllister and Titan power-tool ranges increased sales 11% since launch, while the Imandra 2 bathroom collection began rolling out with encouraging early results.
- Capital Investment and Working-Capital InitiativesKingfisher invested GBP 171 million in capital expenditure, prioritizing growth through nine new stores, new ranges and technology. Working capital delivered a net inflow of GBP 5 million, and the company had reduced inventory by about nine days of stock over the last three years while continuing actions on supplier lead times, minimum order quantities, slow-turning ranges and payment terms.
- Franchise Store EconomicsKingfisher announced the transfer of a third Castorama store to franchise, bringing the number of Castorama franchise stores to three, alongside three Brico stores. Management said early economics were encouraging, with Brico sales above expectations and overall profit several points better before versus after the transfers.
MX:KGFN Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 23, 2027 | 2027 (Q4) | 2.18- | 1.99 | ― | ― |
| Sep 22, 2026 | 2027 (Q2) | 4.254.20 | 3.62 | 15.89% (+0.58) | |
| Mar 24, 2026 | 2026 (Q4) | 2.011.99 | 1.82 | 9.21% (+0.17) | |
| Sep 23, 2025 | 2026 (Q2) | 3.093.62 | 3.17 | 14.39% (+0.46) | |
| Mar 25, 2025 | 2025 (Q4) | 1.751.82 | 2.11 | -13.64% (-0.29) | |
| Sep 17, 2024 | 2025 (Q2) | 2.423.17 | 3.07 | 3.13% (+0.10) | |
| Mar 25, 2024 | 2024 (Q4) | 2.092.11 | 2.73 | -22.81% (-0.62) | |
| Sep 19, 2023 | 2024 (Q2) | 3.313.07 | 4.32 | -28.89% (-1.25) | |
| Mar 21, 2023 | 2023 (Q4) | 2.662.73 | 2.42 | 12.87% (+0.31) | |
| Sep 20, 2022 | 2023 (Q2) | 3.334.32 | 5.92 | -27.13% (-1.61) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
