Mr Bricolage says poor Q1 sales jeopardise full-year profit target

Mr Bricolage SA

10/05/2018 07:48

May 10 (Reuters) - French retail chain Mr Bricolage
 MBRI.PA  said on Thursday that   first-quarter sales were not
in line with the company's goal for the year of improving its
net profit.
    Footfall levels were badly affected by poor spring weather 
and this had particularly affected the gardening department,
said the France-based company in a statement.
    "At end-March, in a contracting market, the volumes of
business for Mr Bricolage in continental France are down by
around 8.4 percent on a total-store basis, with a 24.1 percent
drop for the gardening department," the home improvement and
gardening stores firm said.
    The firm said it had expected sales to be down, affected by
its REBOND restructuring plan.
    It said it had seen a clear improvement in trends since the
middle of April.
    
( Press release : https://bit.ly/2FZRYAg )

 (Reporting by Nolwenn Brossier in Gdynia; Editing by Adrian
Croft)
 ((Nolwenn.Brossier@thomsonreuters.com; +48 58 772 1032;))