B&Q suffers seasonal and non-seasonal sales drop
B&Q saw like for like sales drop by 4.7% in the past quarter.
UK and Republic of Ireland sales fell by 7.8% to £967m in the three months to 31 July, as it continued to close branches and both seasonal (gardening) and non seasonal sales dropped.
Seasonal sales were 10.7% lower, compared with a 9.6% rise in 2016, as shoppers bought earlier in the year thanks to the weather.
Non-seasonal sales fell by 1.6%.
‘Q2 has broadly followed a similar course to Q1 although B&Q's performance was impacted by seasonal swings across Q1 and Q2. We have also continued to experience some disruption across the businesses, although on an improving trend. Availability of this year’s unified and unique product is now approaching normal levels. We continue to adapt new processes as our transformation progresses, which will support the significant amount of change planned for the second half’, said ‘Véronique Laury, Kingfisher ceo.
‘Having been very aware that this year would be challenging given the step up in transformation activity, we already have self-help plans in place to support our overall Year 2 performance, though we remain cautious on the second half outlook.’