Kingfisher PLC on Wednesday cut its profit guidance for the second time this year, as it warned its sales are set to suffer due to unfavorable markets in France.
The FTSE 100 company said it now expects to generate £560 million ($702 million) in pretax profits for 2023, compared to previous guidance of £590 million, as an uptick in sales in its British business was offset by plunging sales in Europe.
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