Kingfisher

B&Q-owner bemoaned a ‘challenging’ consumer outlook when downgrading profit guidance in November

Full year results (21 March 2023) from Kingfisher (KGF) will reveal if the DIY retailer’s sales resilience continued in the final quarter, supported by demand for energyefficiency products.

The B&Q, Screwfix and Castorama brands owner proved a lockdown winner as spending on home improvement projects surged, but the cost-of-living crisis and housing market downturn represent stiff headwinds for the company.

Kingfisher lowered its full year its premium proposition is its glass bottles (which now account for 80% of its sales mix) but the cost of producing these is heavily tied to volatile energy prices. Supply chain issues have also impacted US sales.

When it reports 2022 results on 22 March, Fevertree needs to demonstrate it is making progress on a plan to bring on stream bottling capacity in the US to help limit logistics costs and disruption. [TS] profit outlook with its third quarter update (24 November 2022) due to the ‘challenging’ outlook for consumer spending. [JC]

Nike

The sportswear firm is hoping for a boost from China reopening as its main rival struggles

US trainers and sportswear giant Nike (NKE:NYSE) posts third quarter numbers on 21 March with investors hoping it can match the strong second quarter update.

In the previous three-month period, earnings per share of $0.85 was comfortably ahead of the $0.64 consensus forecast and the

General Mills

Investors will have much to chew over with the company's Q3 results

Third quarter results (23 March) from General Mills (GIS:NYSE) provide an opportunity to see if the cereal maker has sustained the positive momentum engendered by its ‘Accelerate’ strategy as consumers grapple with cost-ofliving pressures. The food multinational behind the Cheerios, Nature Valley and Haagen-Dazs brands recently raised guidance for the financial year to May 2023, citing resilient consumer demand company also raised its outlook, as management flagged progress clearing a chunky inventory pile that arose in large part due to supply chain disruptions.

Key areas of focus for the third quarter will be the impact of China reopening on its sales and whether it has been able to capitalise on the recent travails of its rival Adidas (ADS:ETR) which boss Bjørn Gulden, who took over at the start of 2023, is hoping to turn around. [TS]

Us Updates Over The Next 7 Days Quarterly Results

17 March: Lithium

Americas, Ballard, Orla Mining, Janux Therapeutics

20 March: Cathay

Financial, Foot Locker

21 March: Nike

22 March: Tencent, GameStop

23 March: Accenture, General Mills, Cintas, Carnival

European Updates Over The Next 7 Days Quarterly Results

17 March: Vonovia

23 March: Hamburger Hafen and the growth opportunities afforded by its brand portfolio, notably dog and cat food brand Blue Buffalo. [JC]