Screwfix sales up as B&Q UK and Ireland revenues tumble due to store closures during the first quarter of 2016.
Total sales at B&Q fell 4.3% to £951m in the 13 weeks to 2 May 2016, although like for like sales were up by 3.6%. Screwfix reported a growth of 23.5% in revenue to £301m, with like-for-like sales up by 16.2%, driven by its omnichannel capability.
Kingfisher Group, B&Q’s parent company, reported a 5.1% uptick in total sales to £2.7bn during Q1. Like for like sales grew 3.6%.
Véronique Laury, Kingfisher chief executive officer, said: “We have made a solid start to the year, trading in line with expectations.
“In addition, I am pleased with the early progress we are making on our operational milestones for this year, the first year of our ambitious five year plan. We continue to feel confident in our ability to deliver our plan, based on putting customer needs first, supported by the expertise and enthusiasm of our colleagues.”