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B&Q owner Kingfisher blames rain for fall in sales | B&Q owner Kingfisher blames rain for fall in sales |
(40 minutes later) | |
B&Q owner Kingfisher has blamed wet weather in April for a fall in its quarterly sales. | B&Q owner Kingfisher has blamed wet weather in April for a fall in its quarterly sales. |
Like-for-like sales - which remove the impact of any new store openings - were down 12% at B&Q in the UK and Republic of Ireland in the 13 weeks to 28 April, compared with a year earlier. | Like-for-like sales - which remove the impact of any new store openings - were down 12% at B&Q in the UK and Republic of Ireland in the 13 weeks to 28 April, compared with a year earlier. |
Sales by the same measure at Kingfisher's French operations were up 0.7%. | Sales by the same measure at Kingfisher's French operations were up 0.7%. |
Kingfisher said April's rain worsened already tough trading conditions. | Kingfisher said April's rain worsened already tough trading conditions. |
The firm's like-for-like sales across all of its global markets were down 4.8%. | The firm's like-for-like sales across all of its global markets were down 4.8%. |
Kingfisher chief executive Ian Cheshire said: "We anticipated the first quarter would be challenging, compared with last year's strong growth which was boosted by favourable spring weather and public holidays. | |
"But an extremely wet April this year in the UK and France compounded the difficulty, adversely impacting sales of outdoor and seasonal categories." |
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