Homebase struggles in Bunnings’ Q1 financials
Bunnings United Kingdom and Ireland (BUKI) total sales decreased 17.5% (13.8% in local currency) as difficult trading conditions persisted for Homebase in Q1 (the 13 week period to 45 September 2017). Owner Wesfarmers had a “generally pleasing” overall sales performance across its businesses, with the continued strong performances of Bunnings Australia and New Zealand, Kmart and […]
Snap-On sales grow but tools segment dips
US-registered Snap-On saw net sales grew 8.4% in Q3 2017, up $69.7 million to $903.8 million. In organic terms, that number was a more modest 2.3% rise or $19.5 million gain, with $44.3 million of acquisition-related sales and $5.9 million of favourable foreign currency translation. Tools down Snap-on Tools Group segment sales of $392.7 million in the quarter decreased $4.5 million, or 1.1%, from […]
Travis Perkins bucks ‘challenging market’ with modest Q3 sales growth
Travis Perkins saw total Group sales grow 3.5% in Q3, with like-for-like sales growth of 4.1%, partly benefiting from a relatively weak comparable in 2016. Sales price inflation across the Group in Q3 was 3.9%, (3.4% YTD), reflecting pass through of cost price inflation driven by foreign currency movements since June 2016 and recent increases […]
Tools and ironmongery sales grow for builders merchants
Sales of ironmongery, tools and joinery products all grew for builders merchants in July, according to the Builders Merchant Building Index (BMBI). The report found that overall sales increased an average of 7%. Year to date sales strengthened, with the first seven months of 2017 ahead 4.3% of the same period in 2016 – up […]
More growth for Bossard as Q3 sales rise 12.4%
The Bossard Group has produced another strong financial performance in Q3 2017, with sales up 12.4% to CHF 194.6 million (approx $199 m). All three market regions saw solid growth and sales overall rose 14.1% to CHF 589.7 million (approx US $603.2 m). Europe saw accelerated growth, with sales up 12.5% in Q3. In America, Bossard continues […]
Screwfix & Poland put in solid performances for Kingfisher despite profit fall
Despite solid growth from star brand Screwfix and in growing territory Poland, Kingfisher’s H1 2017/2018 financial performance saw sales dip 1.3%. Kingfisher emphasised it was in Year 2 of its ‘ONE Kingfisher’ 5 year transformation. It said it was acting on the root causes of ‘business disruption’ by adapting, including an earlier roll out of a unified IT […]
Sales rise for Dormakaba
Dormakaba’s 2016/2017 financial year saw consolidated sales increase by 9.4% to CHF 2,250.1 million, with organic sales growth of 4.3%. Net profit increased to CHF 224.6 million thanks to higher profitability and positive tax effects of acquisitions and post-merger integration – strategically important acquisitions were made during the period in North America, including Stanley Black […]
Selco sees double-digit growth in H1 2017
Selco was among the stand out performers for Grafton in its half year financials, with Selco Builders Warehouse seeing double-digit revenue growth, thanks in part to the new branches opened this year. Selco is one of a number of Merchanting brands for Grafton, which also includes Buildbase, Plumbase and Macblair. Grafton’s overseas Merchanting brands include Gunters en […]
Screwfix grows 17% but B&Q spoils Kingfisher’s party
It was a tale to two brands for Kingfisher, with Screwfix soaring and B&Q in the doldrums, according to the group’s Q2 2017 sales numbers. True to form, Screwfix sales rose a whopping 17.2% (l-f-l 10.8%) to £365m in the UK & Ireland, but B&Q saw sales down 7.8% (l-f-l 4.7%) to £967m due to […]
Bunnings UK & Ireland reports £54 million loss
Wesfarmers reported a loss for its new Bunnings UK & Ireland arm of the business in its latest financial statement. Bunnings bought the Homebase business in February 2016 and began the process of importing its Bunnings store concept to the UK & Ireland by converting old Homebase stores in February 2017, starting with St Albans’ two […]