B&Q sales to be warmed up by blistering summer
The DIY chain is forecast by analysts at Jefferies to post a 1.3% increase in like-for-like sales for the period when its parent company Kingfisher issues a trading update on Thursday.
It would represent a significant bounce back from the 9% decline recorded in the first quarter, when sales were pummelled by the Beast from the East as the retailer was forced to close stores in the face of extreme weather.
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Hide AdNicholas Hyett, equity analyst at Hargreaves Lansdown, said: “The warm weather may well have whetted the appetite for barbecues and garden furniture sales, so we expect these categories to perform strongly at B&Q owner Kingfisher.”
B&Q is also likely to benefit from turmoil at rival Homebase, which is embarking on a large-scale store closure programme under its new owner Hilco.