Upcoming Dividend • May 21
Upcoming dividend of UK£0.086 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 03 July 2026. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of British dividend payers (5.7%). In line with average of industry peers (4.0%). 공시 • May 06
Kingfisher plc Announces Thierry Garnier to Step Down as CEO Kingfisher plc announced that Thierry Garnier, chief executive of B&Q owner Kingfisher, is to step down after nearly seven years to lead Netherlands-headquartered supermarket group Ahold Delhaize. His exact departure date is unconfirmed, but Kingfisher stated he has a 12-month notice period and will continue in the role while a successor is sought. Ahold Delhaize expects Mr. Garnier to replace its outgoing president and chief executive, Frans Muller, around its annual general meeting in April 2027. Mr. Garnier said it had been a "real privilege" to lead the group, which also owns Screwfix in the UK and a number of home improvement brands across Europe, such as Brico Depot and Castorama. Mr. Garnier joined Kingfisher as chief executive in September 2019, just before the Covid-19 pandemic struck and at a torrid time for the group, which was shutting shops and battling tumbling profits. Previous boss Veronique Laury had led a lengthy and drastic overhaul, which took its toll on the firm’s performance. He joined with a priority to fix issues with the group’s IT and supply chain in France and halting some initiatives to concentrate on reversing sales declines. Mr. Garnier then steered the group through the pandemic and the boom in demand for home improvement products during multiple lockdowns, which was following by volatile trading in the years that followed. 공시 • Apr 02
Kingfisher plc Announces Board and Committee Changes Kingfisher PLC announced the appointment of Eve Henrikson to its Board of Directors as a Non-Executive Director, effective September 1, 2026. Eve is currently Senior Vice President of Trips at Booking.com, responsible for the expansion and growth of travel beyond accommodations, overseeing global teams including strategy, commercial, product and technology. She was previously Regional General Manager for Uber Eats, leading the Uber Delivery business across Europe, the Middle East and Africa (EMEA) and prior to that, held various roles at Tesco, including Managing Director, Online. Eve is also Non-Executive Director at Sonae, a Euronext listed portfolio business, and holds an MBA from London Business School. In addition, effective April 1, 2026, Bill Lennie has been appointed as a member of the Company's Remuneration Committee, while continuing as a Non-Executive Director of the Board. Reported Earnings • Mar 27
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: UK£0.14 (up from UK£0.10 in FY 2025). Revenue: UK£12.9b (up 1.3% from FY 2025). Net income: UK£245.0m (up 32% from FY 2025). Profit margin: 1.9% (up from 1.4% in FY 2025). Like-for-like sales growth: 1.4% vs FY 2025 Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 37%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Mar 26
Now 18% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.0% to UK£2.87. The fair value is estimated to be UK£3.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 35%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Declared Dividend • Mar 26
First half dividend of UK£0.086 announced Dividend of UK£0.086 is the same as last year. Ex-date: 28th May 2026 Payment date: 3rd July 2026 Dividend yield will be 4.3%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (121% earnings payout ratio). However, it is well covered by cash flows (19% cash payout ratio). The dividend has increased by an average of 2.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 34% to bring the payout ratio under control. EPS is expected to grow by 53% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. 공시 • Mar 25
Kingfisher plc, Annual General Meeting, Jun 26, 2026 Kingfisher plc, Annual General Meeting, Jun 26, 2026. 공시 • Mar 24
Kingfisher plc to Report First Half, 2027 Results on Sep 22, 2026 Kingfisher plc announced that they will report first half, 2027 results on Sep 22, 2026 공시 • Feb 05
Kingfisher plc Announces Directorate Changes Kingfisher plc announced appointment of Stephen Daintith who will succeed Jeff Carr as Chair of the Audit Committee at the conclusion of Jeff's nine-year tenure in 2027. Stephen is currently Chief Financial Officer at Ocado and was previously CFO of Rolls-Royce from 2017 to 2021. He has also served as Non-Executive Director and member of the Audit and Compliance Committee at 3i Group plc for the last nine years, including as Committee Chair since 2023. His other prior experience includes a range of executive roles including CFO of DMGT plc, COO and CFO of Dow Jones, and CFO of News International. He holds a BA in Economics and Accounting and qualified as a Chartered Accountant at Price Waterhouse in 1988. In addition, effective 1 March 2026, Ian McLeod has been appointed as a member of the Company's Audit Committee and Bill Lennie as a member of the Company's Responsible Business Committee, in each case while continuing as Non-Executive Directors of the Board. 공시 • Feb 04
Kingfisher plc Appoints Stephen Daintith as Non-Executive Director and Member of Audit Committee and Nomination Committee, Effective 1 April 2026 3i Group plc announced that Stephen Daintith, a Director and person discharging managerial responsibilities, has been appointed as Non-Executive Director of Kingfisher PLC with effect from 1 April 2026. Upon appointment, Stephen will also join the company's Audit Committee and Nomination Committee. Stephen is also a Non-Executive Director and Chair of the Audit Committee of 3i Group plc, where he has served for the past nine years. Buy Or Sell Opportunity • Jan 14
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 4.7% to UK£3.17. The fair value is estimated to be UK£2.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 35%. For the next 3 years, revenue is forecast to grow by 2.0% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. 공시 • Oct 22
Kingfisher plc to Report Fiscal Year 2026 Results on Mar 24, 2026 Kingfisher plc announced that they will report fiscal year 2026 results on Mar 24, 2026 공시 • Oct 13
Kingfisher Announces Executive Changes Kingfisher has appointed Debarati Sen as its new chief commercial officer from December 2025. She will join the group executive committee and be based at the company's headquarters in Paddington, London. Sen joins from HMTX Industries, where she serves as CEO. She previously spent more than 26 years with 3M, holding senior leadership roles including president of home improvement and consumer safety and well-being, and president of the construction and home improvement markets division. The company also confirmed that Henri Solère, chief offer and sourcing officer, will leave the company in January 2026 to pursue other opportunities. During his 12 years at Kingfisher, Solère held senior positions including that of commercial director at Castorama and group category director, before assuming his current post in 2018. He led the development of Kingfisher's own exclusive brands (OEB) strategy. Declared Dividend • Sep 25
First half dividend of UK£0.038 announced Dividend of UK£0.038 is the same as last year. Ex-date: 9th October 2025 Payment date: 14th November 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (121% earnings payout ratio). However, it is well covered by cash flows (19% cash payout ratio). The dividend has increased by an average of 2.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 34% to bring the payout ratio under control. EPS is expected to grow by 65% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Sep 23
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: UK£0.10 (down from UK£0.18 in FY 2024). Revenue: UK£12.8b (down 1.5% from FY 2024). Net income: UK£185.0m (down 46% from FY 2024). Profit margin: 1.4% (down from 2.7% in FY 2024). Like-for-like sales growth: Down 1.7% vs FY 2024 Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 52%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to UK£2.89, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.98 per share. 공시 • Sep 23
Kingfisher plc Declares Interim Dividend for the Period Ended 31 July 2025, Payable on 14 November 2025 The Board of Kingfisher plc has declared an interim dividend per share of 3.80 pence for the period ended 31 July 2025 (FY 24/25 interim dividend: 3.80 pence). The interim dividend will be paid on 14 November 2025 to shareholders on the register at close of business on 10 October 2025. A dividend reinvestment plan (DRIP) is available to shareholders who would prefer to invest their dividends in the Company's shares. The shares will go ex-dividend on 9 October 2025. The last date for receipt of DRIP elections is 24 October 2025. 공시 • Jun 24
Rakhi Goss-Custard Steps Down as Non-Executive Director from Kingfisher Plc, Effective 23 June 2025 Kingfisher plc announced stepping down of Rakhi Goss-Custard as a non-executive director, effective 23 June 2025. Upcoming Dividend • May 15
Upcoming dividend of UK£0.086 per share Eligible shareholders must have bought the stock before 22 May 2025. Payment date: 30 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.9%. Lower than top quartile of British dividend payers (5.8%). In line with average of industry peers (3.6%). Buy Or Sell Opportunity • Apr 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.5% to UK£2.71. The fair value is estimated to be UK£2.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 38%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Declared Dividend • Mar 27
Final dividend of UK£0.086 announced Dividend of UK£0.086 is the same as last year. Ex-date: 22nd May 2025 Payment date: 30th June 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (161% earnings payout ratio). However, it is well covered by cash flows (29% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 79% to bring the payout ratio under control. EPS is expected to grow by 78% over the next 3 years, which should be enough to bring the dividend into a sustainable range. New Risk • Mar 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 42% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (161% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). 공시 • Mar 26
Kingfisher plc Proposes Final Dividend for the Year Ended January 31, 2025, Payable on June 30, 2025 Kingfisher plc proposed a final dividend per share of 8.60 pence (FY 23/24 final dividend: 8.60 pence), resulting in a proposed total dividend per share of 12.40 pence in respect of Fiscal Year 24/25 (FY 23/24: 12.40 pence). The final dividend is subject to the approval of shareholders at the Annual General Meeting on 23 June 2025. If approved, it will be paid on 30 June 2025 to shareholders on the register at close of business on 23 May 2025. The shares will go ex-dividend on 22 May 2025. Reported Earnings • Mar 25
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: UK£0.10 (down from UK£0.18 in FY 2024). Revenue: UK£12.8b (down 1.5% from FY 2024). Net income: UK£185.0m (down 46% from FY 2024). Profit margin: 1.4% (down from 2.7% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 52%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 25
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.1% to UK£2.40. The fair value is estimated to be UK£3.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 38%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. 공시 • Mar 25
Kingfisher plc (LSE:KGF) announces an Equity Buyback. Kingfisher plc (LSE:KGF) announces a share repurchase program. Under the program, the company will repurchase up to £300 million worth of its own shares. The program will be financed through surplus capital of the company. 공시 • Mar 22
Kingfisher plc, Annual General Meeting, Jun 23, 2025 Kingfisher plc, Annual General Meeting, Jun 23, 2025. 공시 • Mar 21
Kingfisher plc Appoints Lucinda Riches as Senior Independent Director and Chair of the Remuneration Committee with Effect from 23 June 2025 Lucinda Riches was appointed as Senior Independent Director and Chair of the Remuneration Committee of Kingfisher PLC with effect from 23 June 2025. 공시 • Jan 06
Kingfisher plc Announces Board Changes Kingfisher plc announced the appointment of Ian McLeod to its Board of Directors as a Non-Executive Director with effect from 20 January 2025. Ian is a seasoned retail executive with over 40 years of experience across various different international markets, most recently as Group Chief Executive at DFI Retail Group, overseeing operations across 13 countries in Asia with over 10,500 retail outlets. Ian's career also includes leadership roles at Asda and Halfords Group in the UK, Walmart International and CEO of Coles Retail Group in Australia. He later joined Southeastern Grocers in the United States as CEO before joining DFI Retail Group in 2017, based in Hong Kong. In 2010, Ian was awarded an Honorary Doctorate in his native Scotland for his contributions to business and retail. Additionally, Catherine Bradley CBE, Senior Independent Director, has decided not to stand for re-election and will therefore step down from Kingfisher's Board of Directors at the conclusion of the Company's 2025 AGM. Catherine has served on Kingfisher's Board for four years, during which time she has played an important role in the Board's engagement with colleagues and, in 2024, successfully stewarded an orderly Chair succession process. Catherine has indicated her desire to reduce her governance portfolio and dedicate additional time to her other roles, including as non-executive chair of interactive investor Limited. The Board would like to thank Catherine for her valuable support to the Company, not least in her role as Senior Independent Director, and wishes her well for the future. An announcement on the successor for the Senior Independent Director role will be made in due course. Whilst at DFI Retail Group between June 2017 and July 2023, Ian was a director of its associate companies Yonghui Superstores Co., Ltd, PT Hero Supermarket Tbk, and Robinsons Retail Holdings Inc. which are listed in Shanghai, Indonesia and the Philippines, respectively. Ian served as a director of Southeastern Grocers from April 2015 to June 2017. Between March and May 2018, Southeastern Grocers implemented a pre-packaged reorganization through a voluntary Chapter 11 process. 공시 • Dec 19
Altex Impex SRL agreed to acquire Brico Depot România from Kingfisher plc (LSE:KGF) for an enterprise value of £58 million. Altex Impex SRL agreed to acquire Brico Depot România from Kingfisher plc (LSE:KGF) for an enterprise value of £58 million on December 18, 2024. The deal value is subject to customary adjustments relating to net debt and working capital at completion.
In FY 2023/24, Brico Dépôt Romania delivered sales of £269 million.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is in the first half of the fiscal year 2025/2026. 공시 • Dec 12
Kingfisher plc Announces Board Changes Kingfisher plc announced the appointment of Lucinda Riches to its Board of Directors as a Non-Executive Director and member of the Audit, Nomination, Remuneration and Responsible Business Committees with effect from 1 January 2025. Lucinda will be appointed Remuneration Committee chair at the conclusion of the 2025 AGM, succeeding Rakhi Goss-Custard. Rakhi will have served on the Board for nine years on 31 January 2025 and has agreed to continue in post until the conclusion of the 2025 AGM to support an effective transition to Lucinda. At that time, she will then step down from the Board and as Remuneration Committee chair. Lucinda is currently the independent Non-Executive Chair of Greencoat UK Wind plc and Peel Hunt Limited. Sheisalso a non-executive director of Ashtead Group plc, where she chairs the remuneration committee. Lucinda has confirmed that she will be stepping down from one of her other listed positions during the course of 2025. Prior to becoming a non-executive director, Lucinda had an executive career in investment banking at UBS where she was Global Head of Equity Capital Markets and a member of the board of UBS Investment Bank. Her previous non-executive director roles include CRH plc, ICG Enterprise Trust plc, the British Standards Institution, Diverse Income Trust plc and UK Financial Investments Ltd. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£2.48, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.33 per share. Price Target Changed • Nov 26
Price target decreased by 7.5% to UK£2.89 Down from UK£3.12, the current price target is an average from 13 analysts. New target price is 15% above last closing price of UK£2.52. Stock is up 14% over the past year. The company is forecast to post earnings per share of UK£0.21 for next year compared to UK£0.18 last year. Price Target Changed • Oct 09
Price target increased by 8.4% to UK£3.07 Up from UK£2.83, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of UK£3.10. Stock is up 46% over the past year. The company is forecast to post earnings per share of UK£0.21 for next year compared to UK£0.18 last year. Upcoming Dividend • Oct 03
Upcoming dividend of UK£0.038 per share Eligible shareholders must have bought the stock before 10 October 2024. Payment date: 15 November 2024. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of British dividend payers (5.5%). Higher than average of industry peers (3.0%). Recent Insider Transactions Derivative • Sep 30
CEO & Executive Director exercised options and sold UK£3.5m worth of stock On the 26th of September, Thierry Dominique Garnier exercised options to acquire 1m shares at no cost and sold these for an average price of UK£3.24 per share. This trade did not impact their existing holding. For the year to January 2020, Thierry Dominique's total compensation was 17% salary and 83% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Thierry Dominique has owned 100.00k shares directly. This was the only transaction from an insider over the last 12 months. Declared Dividend • Sep 19
First half dividend of UK£0.038 announced Dividend of UK£0.038 is the same as last year. Ex-date: 10th October 2024 Payment date: 15th November 2024 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Sep 18
Price target increased by 7.9% to UK£2.83 Up from UK£2.62, the current price target is an average from 13 analysts. New target price is 13% below last closing price of UK£3.27. Stock is up 51% over the past year. The company is forecast to post earnings per share of UK£0.22 for next year compared to UK£0.18 last year. Reported Earnings • Sep 17
First half 2025 earnings released: EPS: UK£0.13 (vs UK£0.12 in 1H 2024) First half 2025 results: EPS: UK£0.13 (up from UK£0.12 in 1H 2024). Revenue: UK£6.76b (down 1.8% from 1H 2024). Net income: UK£237.0m (flat on 1H 2024). Profit margin: 3.5% (up from 3.4% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. 공시 • Jun 19
Kingfisher plc Announces Chief Financial Officer Changes Kingfisher plc announced that Bhavesh Mistry will join its Board as Chief Financial Officer. Bhavesh will succeed current CFO Bernard Bot, who will retire to further pursue his non-executive career. Bernard's leaving date is to be confirmed but will be no earlier than January 2025 and he will support the transition before his retirement. An exact start date for Bhavesh will be announced in due course. Bhavesh brings extensive finance and retail experience gained in senior roles across a range of listed businesses. He is currently CFO of British Land, where he has served in the role since 2021, and was Deputy CFO of Tesco from 2018 to 2021. Before that he held senior finance positions over more than two decades at a range of major companies including Whitbread, Virgin Media and Anheuser-Busch InBev. Bhavesh will join Kingfisher's Board and become a member of Kingfisher's Group Executive. He will be based at Kingfisher's head office in Paddington, London. Upcoming Dividend • May 09
Upcoming dividend of UK£0.086 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 25 June 2024. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.6%). 공시 • Apr 17
Kingfisher plc Announces Board and Committee Changes, Effective 20 June, 2024 Kingfisher plc announced that, after seven years as Chair of the Board, Andrew Cosslett has decided not to stand for re-election and will therefore step down from the Board of Directors at the conclusion of the Company's AGM on 20 June, 2024. Andrew will be succeeded by Claudia Arney, who has served as an Independent Non-Executive Director of Kingfisher since November 2018 and currently also chairs the Board's Remuneration Committee. Her appointment will take effect at the same time. On appointment, Claudia will step down as Chair of the Remuneration Committee and will be succeeded by Rakhi Goss-Custard from the conclusion of the 2024 AGM. Rakhi has served as a Non-Executive Director of Kingfisher since February 2016, including as a member of the Remuneration Committee since March 2018, and has extensive knowledge of Kingfisher's business. She currently also chairs the Remuneration Committee of Trainline plc, and has previously served on the Remuneration Committee of Rightmove plc. The Board has agreed that in view of Rakhi's experience, she is very well positioned to take on the role, and to ensure effective continuity. Recognising Rakhi's existing length of service on the Board, a succession process is also ongoing to identify a new Remuneration Committee Chair to take on the role over the longer-term. Claudia joined the Board as a Non-Executive Director in November 2018 and is currently chair of the Remuneration Committee. Claudia brings a wealth of experience of business transformation and building digital capabilities to the Board having previously held non-executive roles, including interim chair of the Premier League, senior independent director of Telecity Group plc, chair of the remuneration committee at Halfords plc, non-executive director at Ocado Group plc, and governance committee chair at Aviva plc. Claudia began her career at McKinsey & Company, before holding roles at Pearson, the Financial Times, Goldman Sachs, and HM Treasury. She was also group managing director, digital at EMAP. Claudia is currently Chair of the Board of Deliveroo plc and, until she steps down in May 2024, non-executive director and remuneration committee chair at Derwent London plc. She also serves as a member of the Panel on Takeovers and Mergers and is the lead non-executive Board member for the Department for Digital, Culture, Media and Sport. Major Estimate Revision • Apr 01
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from UK£13.2b to UK£12.9b. EPS estimate also fell from UK£0.237 per share to UK£0.206 per share. Net income forecast to grow 10% next year vs 8.9% growth forecast for Specialty Retail industry in the United Kingdom. Consensus price target broadly unchanged at UK£2.33. Share price rose 4.1% to UK£2.49 over the past week. Declared Dividend • Mar 27
Final dividend of UK£0.086 announced Dividend of UK£0.086 is the same as last year. Ex-date: 16th May 2024 Payment date: 25th June 2024 Dividend yield will be 5.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 25
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: UK£0.18 (down from UK£0.24 in FY 2023). Revenue: UK£13.0b (flat on FY 2023). Net income: UK£345.0m (down 27% from FY 2023). Profit margin: 2.7% (down from 3.6% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. 공시 • Mar 25
Kingfisher plc, Annual General Meeting, Jun 20, 2024 Kingfisher plc, Annual General Meeting, Jun 20, 2024. Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. Independent Non Executive Director Bill Lennie was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
