Castorama

They've highlighted market share gains at Screwfix Poland and Spain.

Castorama France and B&Q held their market share and Brico Depot France performance was impacted by the heat waves due to the category mix.

They said there's been strong momentum across trade, e-commerce and marketplace.

Trade sales growth were up 16% excluding Screwfix.

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the only person what about what about the other one it was a big one we had done kingfisher because uh graham's asking about kingfisher the diy their own interests obviously in france castorama they've got the big b and q they've got screw fix that's doing well in the uk i think got some polish interests as well um they're another sort of like a Quite a lot of these big retailers are just full of different moving parts.

Yeah, I'm very bullish on Kingfisher.

I think it's lovely.

The other ones, unfortunately, B&Q struggling in terms of getting the like for likes, even though, you know, their competitors not doing so great.

Wix is doing all right.

castorama france poland's not great i think this is an unbundling opportunity and if you had a sort of like a ceo got rid of their foreign interest and just concentrated on screw fix i think you could get you could actually realize a lot of value but you know that's an

interesting angle i hadn't really thought about that i mean i would say that overall i think i see this as a quality business in in terms of um oh press the wrong button You know, they're making reasonable margins considering it's absolutely massive revenue, I think.

yeah well as i say also that you know these thematic etfs are really taking off and um if you like that if that's the way you want to go at a very low cost give you exposure to the whole sector and it avoids you having to try and pick the individual stocks um james what's been grabbing you this

week yeah another busy week for consumer facing stocks and so ones that have grabbed me kingfisher raised four-year guidance so i think you know this is the home improvement giant really benefiting from that diversified portfolio so Screw fix, Castorama in France going well for a change.

That more than offset a trickier time for B&Q, where like-for-likes were down in Q2.

Big ticket spend, you know, consumers reining that in.