Kingfisher plc (KGFHY) Q4 2026 Earnings Call Prepared Remarks Transcript

2026-03-26 04:46:06 ET

Kingfisher plc (KGFHY) Q4 2026 Earnings Call March 23, 2026 8:00 PM EDT

Company Participants

Thierry Dominique Garnier - CEO & Executive Director

Conference Call Participants

Poppy Roseveare

Presentation

Thierry Dominique Garnier
CEO & Executive Director ...

Hello, everyone, from the B&Q Harringay store we opened just 4 weeks ago, and it is great to visit this new store and to meet the team. I'm also here to share Kingfisher's performance for '25-'26 with you. And I want to start by thanking all of you, all our colleagues for your hard work and dedication. This enabled us to deliver a strong performance last year, driven by our strategic progress. And we grew significant market share in each of our banners in the U.K., in France and Spain, and we maintained market share in Poland.

Our sales growth was led by volume and transactions with underlying like-for-like sales up 1.4%. Adjusted profit before tax was up 6% and grew by 13% when we exclude a business rates over payment refund the previous year. Free cash flow was also up to GBP 512 million. This financial discipline meant we could invest significantly more in our stores and technology last year than in the previous year. B&Q and Screwfix in the U.K. were standout performers with sales up over 4% and B&Q sales were up by nearly 6% when we include marketplace.

Now let us hear more about what we are seeing across our stores from two of our fantastic colleagues. Over to you, Mariusz and Poppy.

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