Kingfisher issues another profits warning as 2023/24 earnings slump

(Sharecast News) - B&Q owner Kingfisher on Monday issued another profit warned profits after it posted weaker earnings for 2023-24 as the home improvement market continued to lag behind demand for housing. The company, which also owns the Brico depot chain in France, said it expects adjusted pre-tax profit of £490m - £550m compared with the £568m it reported for last year, down 25% on 2022/23.

Reporting by Frank Prenesti for Sharecast.com