(RTTNews) - Home improvement retailer Kingfisher PLC (KGF.L) reported Tuesday higher profit in its first half of fiscal 2027 with margin expansion, cost control as well as slightly higher sales and like-for-like sales. Looking ahead, the retailer upgraded its fiscal 2027 guidance, raising adjusted pre-tax profit to a range of £595 million to £635 million from a previous range of £565 million to £625 million. Free cash flow guidance was also raised to £480 million to £520 million from £450 million to £510 million previously. Further, Kingfisher said its £300 million share buyback program continues, with £125 million purchased to date. The company is commencing the third tranche of £50 million this week, expected to be completed by December.
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