Screwfix UK enjoyed a positive Q3 with year on year sales growth of 6.8%. Robust demand from trade customers and good YoY growth in the tools & hardware and building & joinery categories helped growth.
The unseasonably warm weather in the UK in September and October impacted sales of plumbing and heating products.
Screwfix opened 11 net new stores in the UK & Ireland in the quarter for a total of 23 net new stores opened in the nine months to 31 October.
Underlying like for like sales (or ‘same stores sales’) grew by +0.9% LfL year on year.
Total sales for Screwfix UK & Ireland include sales arising from the acquisition on 20 March 2023 of the assets of Connect Distribution Services (renamed Screwfix Spares). Since acquisition, Screwfix Spares has performed in line with expectations, contributing c.2% to total Screwfix sales growth in Q3.
Screwfix also opened four stores in France in Q3 (13 in total); and Screwfix online launched in six new European markets.
The results of Screwfix France are recorded within the ‘Other International’ division in the wider Kingfisher Q3 results.
Thierry Garnier, Kingfisher Chief Executive Officer, said:
“Our UK banners performed well in Q3, with B&Q, TradePoint and Screwfix growing sales and market share. Our online marketplaces are growing rapidly, with B&Q’s marketplace reaching 35% of its e-commerce sales in October. Screwfix has continued its international expansion, by launching as a pure play online retailer in six new European countries, and opening four new stores in France in the quarter”.
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