Skip navigation

Gloucestershire Business News

B&Q and Screwfix owner posts nearly 30% profit rise

DIY retailer B&Q - with its largest UK store in Gloucester - has nailed its best ever year for sales and profit.

Parent company Kingfisher, which also owns Screwfix, reported sales topping £13 billion, up 6.8% on the previous year. That brought in a pre-tax profit of £949 million, up by 20.9%, for the year ended 31st January.

Thierry Garnier, chief executive officer, said: "Kingfisher has delivered a year of very strong financial performance. We saw growth in all banners and categories, with resilient demand from both DIY and trade segments - each representing 50% of Group sales."

The company has continued to expand its e-commerce operation, with faster click & collect and home delivery, and broader product choices for customers. 18% of its sales are now made online, which is 10% points higher than two years ago.

B&Q had an outstanding year, with sales passing £4 billion. It was also a record year of expansion for Screwfix, with 70 new stores opening in the UK and Ireland, and Screwfix France showing promising early progress.

Garnier added: "For the year ahead, while the macroeconomic and geopolitical environment is uncertain, you can expect from us continued focus on top line delivery and market share growth, strong execution, effective management of our gross margin, and active and responsive management of our operating costs."

The company, which says it managed to successfully negotiate supply chain and inflationary pressures, is opening new stores in Poland and also plans to increase its trade customer base.

Related Articles

Another restaurant closes its doors Image

Another restaurant closes its doors

A restaurant has permanently closed after around 25 years in the county.

WHOSE STREETS? Labour goes on front foot over retail decay Image

WHOSE STREETS? Labour goes on front foot over retail decay

PM hits (another) reset button with pledge in response to Reform's momentum.

SHODDY BUILDERS: Owners file record complaints Image

SHODDY BUILDERS: Owners file record complaints

But findings stop shy of naming sanctioned firms.

Cheltenham care home unveils over £400,000 refurbishment Image

Cheltenham care home unveils over £400,000 refurbishment

Special guests join ribbon-cutting to open residential suite.

Copyright 2025 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.