Proactive Investors - Kingfisher (LON:KGF) should reveal a resilient performance when it reveals its interim results on 19 September, according to Citigroup (NYSE:C), with DIY trends currently supporting current forecasts.
In number terms, that will translate into underlying profits of £355 million for the B&Q and Screwfix owner, compared to management guidance of £350 million and consensus of £359 million.
Citi sees like-for-like sales dipping 2.7% in the first half with any variations likely to be sparked by the unpredictable weather over the second quarter.
Expect Kingfisher to reiterate demand is solid across its UK markets in the UK, says the broker, partly offset by weak underlying activity in France and ongoing headwinds in Poland.