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Kingfisher FY 2023 Profit Fell, Sees Further Drop in Year Ahead -- 2nd Update

Por: MarketWatch Business March 21, 2023

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The home-improvement retailer posted a pretax profit for the year ended Jan. 31 of 611 million pounds ($750.1 million) compared with GBP1.01 billion a year earlier. Analysts expected GBP740.8 million in profit, according to forecasts taken from FactSet and based on eight analysts' estimates. Kingfisher said that adjusted pretax profit--the company's preferred metric, which strips out exceptional and other one-off items--fell 20% to... + full article



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