Latest news with #outdoorproducts
Daily Mail
28-05-2025
- Business
- Daily Mail
B&Q owner Kingfisher sees sales boost thanks to spring heatwave
Kingfisher has hailed a 'good start to the year' as good weather elevated demand for the home improvement firm's seasonal categories in the UK and Ireland. Screwfix's parent company revealed its turnover rose by 2.2 per cent at constant currency rates to £3.3billion in the three months ending April, while underlying sales expanded by 3.1 per cent. Revenue across the Britain jumped 6.2 per cent to £1.73billion, supported by unusually warm spring weather driving purchases of seasonal goods at B&Q. Outdoor lighting products were especially popular, as were heaters, barbecue gas bottles, and painting tools for shed, fence and decking projects. Kingfisher told This is Money that consumers were buying into decking projects this season more than in previous years. The London-based group also achieved rising like-for-like sales at its Tradepoint and Screwfix divisions, with the latter benefiting from a broader product range for trade customers and its click-and-collect service. Growth in the UK and Ireland offset declining revenues in Poland, which the business attributed to 'current geopolitical factors,' and in France, where they fell 3.2 per cent to £976million. However, the FTSE 100 firm gained market share in all major territories and increased its e-commerce turnover by 9.3 per cent. Meanwhile, it attracted growing demand for core and 'big-ticket' categories in Iberia, particularly in Valencia, the centre of one of Spain's deadliest-ever floods last November. 'We have made a good start to the year,' remarked Thierry Garnier, chief executive of Kingfisher, adding: 'It is still early in the year and consumer sentiment remains mixed across our markets. 'We are focused on executing our strategic growth priorities, maintaining discipline on margin and costs, and driving shareholder returns.' Following the performance, Kingfisher has reaffirmed its annual guidance for pre-tax profits of around £480million to £540million and free cash flow of about £420million to £480million. It anticipates 'little direct impact' from any possible changes to tariff measures, given that it has no US operations and sources most of its products from Europe. 'Although no significant impact from US trade policy is expected, they will be watchful eyes on the path of inflation,' said Susannah Streeter, head of money and markets at Hargreaves Lansdown. 'If shoppers have to pay more for essentials, they may be more cautious ahead about spending on home revamps.' Kingfisher shares were 3 per cent higher at 286.8p on Wednesday morning, taking their gains to approximately 17 per cent since the year started.
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Jewett-Cameron to Participate in the Lytham Partners Spring 2025 Investor Conference on May 29, 2025
NORTH PLAINS, Ore., May 27, 2025 (GLOBE NEWSWIRE) -- Jewett-Cameron Trading Company Ltd. ('Jewett-Cameron') (Nasdaq: JCTC), a company committed to innovative products that enrich outdoor spaces, today announced that it will participate in a webcast presentation and host one-on-one meetings with investors at the Lytham Partners Spring 2025 Investor Conference, taking place virtually on Thursday, May 29, 2025. Company Webcast The webcast presentation will take place at 12:30 p.m. ET on Thursday, May 29, 2025. The webcast can be accessed by visiting the conference home page at or directly at The webcast will also be available for replay following the event. 1x1 Meetings Management will be participating in virtual one-on-one meetings throughout the event. To arrange a meeting with management, please contact Lytham Partners at 1x1@ or register for the event at About Jewett-Cameron Trading Company Ltd. Jewett-Cameron Trading Company is a holding company that, through its subsidiaries, operates out of facilities located in North Plains, Oregon. Jewett-Cameron Company's business consists of the manufacturing and distribution of patented and patent pending specialty metal and sustainable bag products, and wholesale distribution of wood products. The Company's brands include Lucky Dog ®, for pet products; Jewett Cameron Fence for brands such as Adjust-A-Gate ®, Fit-Right ®, Perimeter Patrol ®, Euro Fence, and Lifetime Steel Pos ® for gates and fencing; MyEcoWorld ® for sustainable bag products; and Early Start, Spring Gardner, Greenline ®, and Weatherguard for greenhouses. Additional information about the Company and its products can be found on the Company's website at Forward-looking Statements This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words like 'plans', 'expects', 'aims', 'believes', 'projects', 'anticipates', 'intends', 'estimates', 'will', 'should', 'could' and similar expressions in connection with any discussion, expectation, or projection of future operating or financial performance, events or trends. Forward-looking statements are based on management's current expectations and assumptions, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict, including but not limited to, the fact that our business is highly competitive, we are continually seeking ways to expand our business, we may seek additional financing or other ways to expand operations and improve margins, the uncertainties of the Company's new product introductions, the risks of increased competition and technological change, customer concentration risk, supply chain delays, governmental and regulatory risks, uncertain tariff and transport rates, as well as the other risk factors that are set forth in more detail in our Annual Report on Form 10-K and other documents filed with the SEC. Actual outcomes and results may differ materially from these expectations and assumptions due to changes in global political, economic, business, competitive, market, regulatory and other factors. We may not actually achieve the goals or plans described in our forward-looking statements, and investors should not place undue reliance on these statements. Any forward-looking statements speak only as of the date on which they are made and we undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise, except as required by law.
