Group 1: Company Overview - Kingfisher PLC (KGFHY) is a notable stock within the Retail-Wholesale group, which consists of 211 companies [2] - The company currently holds a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions [3] Group 2: Performance Metrics - Year-to-date, Kingfisher PLC has returned 35.5%, significantly outperforming the average gain of 21.1% in the Retail-Wholesale sector [4] - The Zacks Consensus Estimate for Kingfisher's full-year earnings has increased by 5.1% over the past quarter, reflecting stronger analyst sentiment [4] Group 3: Industry Context - Kingfisher PLC is part of the Retail - Miscellaneous industry, which ranks 167 in the Zacks Industry Rank, with this group experiencing a loss of about 2.6% year-to-date [6] - In comparison, Lands' End (LE), another outperforming stock in the Retail-Wholesale sector, has seen a year-to-date increase of 72.2% and holds a Zacks Rank of 1 (Strong Buy) [5][7]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Kingfisher PLC (KGFHY) currently holding a Momentum Style Score of A [2] - The Zacks Rank system complements the Style Scores, with KGFHY rated 2 (Buy), indicating potential for outperformance in the market [3] Group 2: Performance Metrics - KGFHY shares have increased by 15.09% over the past week, outperforming the Zacks Retail - Miscellaneous industry, which rose by 2.68% [5] - Over the last quarter, KGFHY shares have surged by 36.42%, and over the past year, they have gained 55.27%, while the S&P 500 has only increased by 4.57% and 31.09%, respectively [6] - The average 20-day trading volume for KGFHY is 115,382 shares, indicating a bullish sign with rising stock prices [7] Group 3: Earnings Outlook - Recent earnings estimate revisions for KGFHY show positive trends, with 2 estimates moving higher for the full year, raising the consensus estimate from $0.49 to $0.52 [9] - For the next fiscal year, 2 estimates have also increased, with no downward revisions, reinforcing the stock's positive outlook [9] - Overall, KGFHY's strong performance metrics and positive earnings outlook contribute to its status as a 2 (Buy) stock with a Momentum Score of A [9]

Financial Data and Key Metrics Changes - Total sales for the group fell by 1.4% to just under GBP 6.8 billion, with a like-for-like decline of 2.4% [5][9] - Gross margin increased by 40 basis points, maintaining competitive price indices across all banners [6][10] - Adjusted profit before tax (PBT) decreased by 0.5% to GBP 334 million, including a one-off benefit of GBP 25 million from business rate refunds [8][10] - Free cash flow generation was strong at GBP 421 million, supported by inventory management and cash tax refunds [8][29] Business Line Data and Key Metrics Changes - E-commerce sales rose by 8.4%, with group e-commerce penetration increasing to 18.3% [7][50] - In the U.K. and Ireland, like-for-like sales were down just 0.2%, with total sales increasing by 1% [13][14] - France's like-for-like sales were 7.2% lower, reflecting a soft consumer environment [15][17] - Poland's like-for-like sales were 0.2% lower, with a significant increase in trade penetration [18][19] Market Data and Key Metrics Changes - The U.K. and Ireland home improvement market is tracking within the higher end of growth scenarios set in March [36][38] - France's market is currently tracking at the low end of scenarios due to subdued consumer confidence [37][38] - Poland's market is in the higher end of scenarios, with improving consumer confidence [37][38] Company Strategy and Development Direction - The company aims to grow market share, manage gross margin, and control costs while focusing on strategic objectives [3][4] - Plans include restructuring and modernizing underperforming stores in France, with a target profit margin of 5% to 7% [4][62] - Expansion plans for Screwfix and Castorama include opening new stores and enhancing e-commerce capabilities [46][47] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about the lag between housing market indicators and home improvement spending [4][36] - There are early signs of an improving housing market in the U.K., but consumer confidence remains weak in France [4][37] - The company is tightening its full-year adjusted PBT guidance to GBP 510 million to GBP 550 million [38] Other Important Information - The company has upgraded its free cash flow guidance for the year and accelerated its share buyback program [5][8] - The interim dividend remains unchanged at 3.8p, reflecting a commitment to shareholder returns [8][32] - The company has made significant progress in cost reduction initiatives, targeting an additional GBP 120 million this year [26][38] Q&A Session Questions and Answers Question: What is the outlook for the home improvement market? - The U.K. and Ireland markets are showing resilience, while France is tracking at the low end of expectations due to weak consumer confidence [36][37] Question: How is the company managing costs? - The company has successfully offset cost inflation through structural reductions and effective management of operating costs [6][26] Question: What are the plans for e-commerce growth? - The company aims to achieve 30% of group sales from e-commerce, with significant growth in marketplace sales [47][52]

Group 1 - Kingfisher PLC is currently outperforming its peers in the Retail-Wholesale sector with a year-to-date return of approximately 13.6%, compared to the sector average of 12.7% [4] - The Zacks Rank for Kingfisher PLC is 2 (Buy), indicating a favorable outlook based on earnings estimate revisions and improving earnings sentiment [3] - Over the past 90 days, the Zacks Consensus Estimate for Kingfisher PLC's full-year earnings has increased by 1%, reflecting positive analyst sentiment [4] Group 2 - Kingfisher PLC is part of the Retail - Miscellaneous industry, which has seen an average decline of 7.7% year-to-date, further highlighting Kingfisher's strong performance relative to its industry [6] - Another stock in the Retail-Wholesale sector, Next PLC, has also outperformed with a year-to-date increase of 29.8% and a Zacks Rank of 2 (Buy) [5] - The Retail - Apparel and Shoes industry, to which Next PLC belongs, has experienced a year-to-date gain of 4.7%, indicating varied performance across different segments within the Retail-Wholesale sector [6]

Core Viewpoint - Fortuna Mining Corp. has reported significant exploration progress at the Séguéla Mine in Côte d'Ivoire, particularly at the Kingfisher and Sunbird prospects, indicating strong potential for gold mineralization and future resource development [1][2]. Kingfisher Prospect Highlights - The Kingfisher prospect has shown a drill-defined strike of over 2 kilometers, with mineralization remaining open at depth. Notable drilling results include 14.2 g/t Au over an estimated true width of 16.8 meters from drill hole SGRC1865 [2][3]. - A total of 58 holes were drilled at Kingfisher, totaling 6,966 meters, which has merged three separate lodes into a continuous mineralization zone. The deepest drilling has only tested down to approximately 200 meters below the surface [3][4]. - The mineralization at Kingfisher is associated with a strongly deformed contact zone between felsic intrusives and basaltic units, with a change in strike orientation correlating with higher-grade intervals [4]. Sunbird Deposit Highlights - Drilling at the Sunbird deposit has yielded results such as 8.8 g/t Au over an estimated true width of 6.3 meters from drill hole SGDD140, supporting the potential for underground mining [6]. - The current drilling program at Sunbird is designed to infill and extend the mineralized footprint, with results from the first five holes of a planned 12,000-meter program already received [6][7]. - Mineralization at Sunbird remains open 600 meters below the surface, indicating significant depth potential for future exploration [6]. Future Plans - The company plans to continue drilling at both Kingfisher and Sunbird throughout the remainder of 2024, with the goal of supporting a maiden inferred resource by early 2025 [5][6].

Core Insights - Fortuna Silver Mines Inc. has reported significant exploration results from its Séguéla Mine in Côte d'Ivoire, highlighting high-grade gold intersections across multiple prospects, particularly at Badior and Kingfisher [3][4][5]. Exploration Results - **Badior Prospect**: - SGRC1955: 20.5 g/t Au over an estimated true width of 4.2 meters from 53 meters [2] - SGRC1961: 16.2 g/t Au over an estimated true width of 5.6 meters from 53 meters [2] - SGRC1967: 38.3 g/t Au over an estimated true width of 3.5 meters from 27 meters [2] - SGRC1969: 15.7 g/t Au over an estimated true width of 10.5 meters from 132 meters [2] - SGRC1971: 15.6 g/t Au over an estimated true width of 11.9 meters from 122 meters [2] - **Kingfisher Prospect**: - SGDD133: 23.7 g/t Au over an estimated true width of 17.9 meters from 113 meters [4] - SGRC1795: 6.0 g/t Au over an estimated true width of 11.9 meters from 23 meters [4] - SGRC1833: 6.4 g/t Au over an estimated true width of 19.6 meters from 119 meters [4] - SGRC1841: 2.3 g/t Au over an estimated true width of 28.1 meters from 156 meters [4] - **Ancien Deposit**: - SGRD1892: 12.3 g/t Au over an estimated true width of 9.1 meters from 297 meters, including 53.6 g/t Au over an estimated true width of 1.4 meters [4] - SGRD1894: 27.4 g/t Au over an estimated true width of 5.6 meters from 335 meters, including 209.0 g/t Au over an estimated true width of 0.7 meters [4] - SGRD1895: 39.1 g/t Au over an estimated true width of 2.8 meters from 254 meters, including 49.2 g/t Au over an estimated true width of 2.1 meters [4] Drilling Programs - An additional 2,727-meter, 30-hole program was completed at Badior in 2024, successfully defining and extending the high-grade core [5] - At Kingfisher, a 5,423-meter, 40-hole program was completed, defining continuous mineralization over more than 1 kilometer of strike [9] - A 3,255-meter, 11-hole infill drill program was completed at Ancien to refine controls on high-grade mineralized shoots at depth [16] Future Plans - Drilling is scheduled to continue throughout the second half of 2024 to expand the strike and depth potential of Kingfisher, supporting a maiden resource estimate by early 2025 [11]

Core Viewpoint - Kingfisher plc is positioned as a leading player in the home improvement retail sector, with a strong focus on leveraging its competitive advantages to drive growth in a market valued at over GBP 160 billion, which is expected to grow ahead of GDP due to trends like remote working and energy efficiency needs [5][6]. Company Overview - Kingfisher operates over 2,000 stores across eight countries, with a balanced sales distribution between DIY customers and professional trade [7][8]. - The company has a diverse portfolio of retail banners, including B&Q, Screwfix, and Castorama, each tailored to meet the needs of different customer segments [9][10]. Financial Performance - For the financial year ending January 2024, Kingfisher reported total group sales of just under GBP 13 billion, with a gross profit of GBP 4.8 billion and a gross margin of 36.8% [19][20]. - In Q1 2024, the company experienced a like-for-like sales decline of 0.9%, with resilient core sales despite adverse weather conditions [24][25]. Market Outlook - The outlook for the UK and Ireland home improvement market in 2024 is expected to be flat to low-single-digit decline, while France anticipates a mid-single-digit decline due to subdued consumer confidence [28][29]. - Poland shows signs of improvement with expectations for flat to low-single-digit growth, driven by decreasing inflation and rising consumer confidence [30][31]. Strategic Priorities - Kingfisher aims to expand its store footprint, particularly in urban areas, with identified opportunities for over 50 new stores in the UK and significant potential in Poland [37][40]. - E-commerce sales currently account for 18% of total sales, with ambitions to increase this to 30% through marketplace initiatives and enhanced product offerings [41][45]. Responsible Business Practices - The company emphasizes corporate social responsibility, focusing on fair pay, environmental impact reduction, and sustainable product offerings, with sustainable home products representing around half of total sales [14][16]. Future Growth Drivers - Kingfisher plans to enhance its trade customer sales, which are expected to provide resilience against market fluctuations, with TradePoint achieving GBP 834 million in sales last year [50][52]. - The company is targeting structural operating cost reductions of GBP 120 million and aims for adjusted profit before tax of GBP 490 million to GBP 550 million for the upcoming year [34][35].

Kingfisher plc ADR (OTCQX:KGFHY) Q1 Trading Update Call May 22, 2024 6:00 AM ET Company Participants Majid Nazir - Investor Relations Anisha Singhal - Deputy Investor Relations Director Conference Call Participants Operator Good, that looks like everyone's here. So thank you for joining us this morning to hear from Kingfisher PLC, who announced their Q1 Trading Update yesterday. And today, we're going to hear from Majid Nazir and Anisha Singhal as they talk us through the presentation. There'll be an opport ...

Kingfisher plc (OTCQX:KGFHF) Q4 2023 Results Conference Call March 25, 2024 5:00 AM ET Company Participants Majid Nazir - Investor Relations Thierry Garnier - Chief Executive Officer & Executive Director Bernard Bot - Chief Financial Officer & Director Conference Call Participants Warwick Okines - BNP Paribas Ami Galla - Citi Izabel Dobreva - Morgan Stanley Kate Calvert - Investec Grace Gilberg - Jefferies Richard Chamberlain - RBC Capital Markets Adam Cochrane - Deutsche Bank Thierry Garnier Thank you, Maj ...

Financial Data and Key Metrics Changes - Total sales in constant currency decreased by 0.7% to £13.1 billion, reflecting resilient performance against strong prior year comparatives [11] - Adjusted profit before tax (PBT) decreased by 20.2% to £758 million, which is still 39% higher than 2019 levels [12][9] - Free cash flow was negative £40 million, primarily due to working capital impacts, but total liquidity remains strong at over £800 million [13][27] - Gross profit margin decreased by 70 basis points year-on-year, with a notable decline in H1 but flat in H2 at 36.8% [12][13] Performance by Business Lines - In the UK and Ireland, like-for-like sales were down 6.9% for the year, but up 15.3% on a 3-year basis, with total sales decreasing by 4.7% to £6.2 billion [14][15] - France saw like-for-like sales down 1.4% year-on-year but up 13.2% over three years, with retail profit decreasing by 12% to £195 million [17] - Poland experienced strong growth with like-for-like sales up 13.8%, contributing to a total sales increase of 16.7% [19] - Iberia's like-for-like sales increased by 1.9%, while Romania's sales increased by 1.7% to £285 million [20][21] Market Data and Key Metrics Changes - E-commerce sales grew by 146% over three years, with penetration now at 16.3%, double the level of 2019 [8] - The company reported a strong performance in the kitchens category in Poland, achieving over 40% like-for-like growth [19] - TradePoint's like-for-like sales increased by 31.5%, reaching a sales penetration of 22% of B&Q [66] Company Strategy and Development Direction - The company is focused on multiple growth opportunities, including e-commerce, own exclusive brands, and strategic cost management [5][38] - A new medium-term financial priority was announced, emphasizing growth and cash generation [6][36] - The company aims to grow by expanding its store formats and leveraging its diverse geographic presence [49][79] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating economic challenges, highlighting strong underlying sales trends and market share gains [5][43] - The company anticipates a working capital unwind as seasonal and buffer stock sells through [34] - Future expectations include generating over £500 million of free cash flow, supported by unwinding prior year working capital outflows [37][87] Other Important Information - The company returned over £580 million to shareholders during the year, including dividends and buybacks [9] - A new share buyback program is planned following the completion of the existing program, subject to market conditions [10][84] - The company exceeded its near-term carbon reduction targets, achieving a 52.7% reduction in Scope 1 and 2 emissions [41] Q&A Session Summary Question: What are the expectations for sales growth in the upcoming year? - Management expects total sales growth of approximately 1.5% to 2.5% per annum driven by new store openings and market share gains [36][86] Question: How is the company addressing cost inflation? - The company is implementing strategic cost reduction programs to offset inflationary pressures while maintaining operational efficiency [33][78] Question: What are the plans for e-commerce growth? - The company aims to increase e-commerce sales penetration to 25% and expand its marketplace offerings significantly [55][58]