Belfast Telegraph

B&Q owner reports boost in sales after hot weather

BY GRAEME EVANS

B&Q owner Kingfisher reported a much-needed sales boost as the UK's heatwave boosted demand for barbecues and garden furniture.

The group said B&Q sales rose by 1.9% on a like-for-like basis in the 10 weeks to July 13, having been 5.6% lower in the previous quarter due to poor weather.

Sales of budget charcoal BBQs jumped by 89% on a year earlier, alongside a rise of 56% for wooden outdoor furniture and an 82% gain in hosepipe sales.

Chief executive Ian Cheshire said he was pleased that the chain had been able to capitalise on the better weather conditions.

However, he added: "Underlying consumer confidence remains weak in our major markets, so we continue to focus hard on our self-help margin and cost initiatives."

The group's overall UK and Ireland revenues were up 2.5%. However, this was not enough to prevent a 1.5% fall in sales across the 23 weeks to July 13.

Kingfisher's shares have risen 27% in the past three months as investors consider the impact that an improving UK house market will have on the business.

Belfast Telegraph

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