0825 GMT - Kingfisher's upgraded guidance is set to drive consensus forecast increases, Citi analyst Ami Galla writes in a note. The home-improvement retailer raised its fiscal 2026 adjusted pretax profit outlook, supported by solid year-to-date performance and continued cost-saving efforts. The U.S. bank expects consensus pretax profit estimates to rise about 3%-4%, driven by solid U.K. performance, higher gross margins, planned cost actions in Poland amid weaker demand, and slightly lower finance costs. Markets will continue to assess the strength of U.K. share gains and underlying margin improvements, which present upside risks into fiscal 2027, the analyst says. However, Citi expects only modest adjustments beyond 2026 due to budget-related uncertainties. Shares are up 5.4% at 308.30 pence. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
November 25, 2025 03:26 ET (08:26 GMT)
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