12 January 2021 | 07:51am
StockMarketWire.com - Home improvement retailer Kingfisher said it was 'comfortable' with the top end of current market expectations for annual pre-tax profit as 'strong' demand continued.
Based on trading to date, the company said it was comfortable with the top end of the range of current sell-side analyst estimates for fiscal 2020/2021 adjusted pre-tax profit of £667 million to £742 million.
Kingfisher said it had continued to experience 'strong' demand across its markets following its Q3 update in November.
Fourth-quarter like-for-like sales to 9 January 2021, was up 16.9%, with LFL sales for the year to 9 January 2021, up 6.5%.
Looking ahead, the company said its visibility into performance had been impaired by fresh government-imposed lockdown restrictions to curb the spread of the virus.