B&Q owner reports boost in sales after hot weather
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.