Kingfisher Narrows Down Profit Guidance After Sales Miss, Warns of Wider Pressures
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2024
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Should l Buy ?
Source: WSJ
Sales and Profit Guidance Update: Kingfisher reported worse-than-expected quarterly sales and has narrowed its profit guidance for the fiscal year, now expecting adjusted pretax profit between £510 million and £540 million.
Market Expectations vs. Previous Year: The new guidance is below market expectations of £533 million and lower than last year's profit of £568 million, indicating increased uncertainty due to political and macroeconomic factors.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
