B&Q's profits boosted by warm weather

B&Q: warm weather and bank holidays combined to push sales and profitsa
B&Q: warm weather and bank holidays combined to push sales and profitsa

B&Q owner Kingfisher's profits have been boosted by the warmer weather, but the DIY specialist has warned of a tough year ahead.

The group today (2 June) reported its quarterly results for the 13 weeks ending 30 April 2011.

In the 13 weeks to 30 April, group sales were up by 4.7% to £2.73bn, helped by the warm weather and the recent bank holidays, the company said.

In the UK and Ireland, where the company runs the B&Q chain, sales totalled £1.18m, up 1.8% on the year.

Retail profits in the UK were up 14.7% in the UK, coming in at £83m.

B&Q recently launched a TV campaign, created by McCann Erickson, featuring families enjoying DIY together, as part of its wider £6m marketing investment. The campaign began after the financial results period.

B&Q has 300 stores across the UK and Ireland, and employs around 30,000 people.

Commenting on the results, Ian Cheshire, group chief executive, said: "While we have got off to a good start, it remains our view that this year is likely to be a tough one for all retailers, especially in the UK. It is also likely that the early spring weather will have bought forward some of our outdoor seasonal sales."


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