B&Q and Screwfix Report Continuing Growth Amid Strong Profits

B&Q AND SCREWFIX both saw continuing volume and transaction growth for the year to date (from 1 February 2025) and Q3, according to the latest trading update from parent company Kingfisher.

In an upgrade to its full year profit guidance from upper end £540m to £570m, Kingfisher reported a strong UK performance against subdued demand in Poland and France.

Sales growth for the UK firms stood at 3.9% for B&Q to £973m, while for Screwfix growth was 4.5% to £712m. The results are balanced with a slightly less positive figure for Screwfix at 3.1%. In the report, Kingfisher said “We continue to be mindful of inflation, uncertainty ahead of the Autumn Budget and the softening labour market.”

For B&Q, market share gains were driven by strategic initiatives and Homebase store closures. E-commerce sales rose by 19.4% in Q3, accounting for 16.5% of total sales. B&Q’s marketplace sales, which include products from other vendors, grew by 43.4%. Tradepoint, B&Q’s trade-focused brand, delivered sales growth of 3.7.

At Screwfix, sales growth in the peak trading period of September-November was supported by a new loyalty programme and the opening of six new stores.

Outlook

Despite softening market conditions in the UK and Poland in Q3, Kingfisher says its performance to date, progress in strategic initiatives and cost and margin discipline gives it confidence.

Thierry Garnier, CEO, said: “We delivered another quarter of high quality, volume-led growth, driven by our Group strategic initiatives in e-commerce and trade and by our performance in core and ‘big-ticket’ categories. B&Q, Screwfix and Iberia continue to strongly outperform their markets. Our performance to date and progress in our strategic initiatives give us the confidence to upgrade our full year profit guidance.

“As we look ahead, we are committed to driving shareholder returns through the consistent execution of our strategic priorities and by being disciplined on margin and costs.”

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