B&Q and Screwfix owner sees sales drop as DIY boom loses pace

B&Q and Screwfix owner Kingfisher has seen sales drop following a slackening off in the pandemic-fuelled DIY boom, but told investors profits would still be at the top end of forecasts.It posted total revenues of £3.25bn for the three months to October 31, following a 2.4% decline in like-for-like sales against the same period last year. The company failed to keep pace with the strong growth it saw in 2020 as locked-up customers took the opportunity to spruce up their homes and gardens, but like-for-like sales were up 15% against pre-pandemic levels. Kingfisher reported a 3.5% decline in like-for-like sales in the UK as it was weigh …
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