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The announcement may affect trading strategies of stock market investors in the UK.
Revenues at B&Q dropped by 7.8 per cent to £887 million in the 13 weeks leading to November 1st, reports the Independent.
Chief executive Ian Cheshire commented: "Consumer confidence has clearly been shaken over the last few months by international economic events and this has impacted demand in all our markets."
Kingfisher shares opened four per cent lower following the release of the third quarter trading update.
With more than 60 stores internationally, B&Q is the the biggest DIY retailer in Europe and the third-largest worldwide.
According to its official website, the firm has a turnover of £3.9 billion. In the year ending February 2nd 2008, it recorded a profit of £131 million.
