B&M has demonstrated positive financial performance, laying strong groundwork for the upcoming peak retail period.
- The company’s sales rose 3.7% to £2.6 million, attributed to growth in sales volume.
- Despite the increase in group EBITDA by 2% to £274 million, operating profit fell by 1.8% due to costs associated with expansion.
- B&M has opened 39 new stores, including in the UK, France, and at Heron Foods.
- The retailer remains optimistic about its financial outlook, with projected EBITDA ranging from £620 million to £660 million.
B&M has recently reported an encouraging rise in its financial results, suggesting robust preparations for the traditionally high-performing retail period known as the ‘Golden Quarter’. With sales increasing by 3.7% to reach £2.6 million, this growth is largely due to a boost in volume sales. The company’s operations within the UK have also seen promising returns with revenues hitting £2.1 million over the reporting period.
However, the company has faced challenges regarding its operating profit, which saw a decrease of 1.8% to £258 million. This reduction is primarily due to increased expenses arising from the expansion of store locations and investments in the supply chain, particularly in France. Despite these costs, group EBITDA rose slightly by 2% to £274 million.
An essential part of B&M’s strategy includes its substantial expansion efforts. During the first half of the fiscal year, the retailer successfully opened 39 new stores. These openings encompassed 30 locations within the United Kingdom, 5 in France, and 4 under the Heron Foods brand. This expansion is expected to support future growth and enhance market presence across key regions.
Looking ahead, B&M has planned the opening of a new imports centre in the UK, scheduled for completion by the fiscal year 2026. This development is aimed at optimising existing distribution networks and ensuring sustained volume growth. The company’s management has expressed confidence in achieving its financial forecasts for the second half of the year as well as for the full fiscal year.
CEO Alex Russo has emphasised the strength of the company’s performance, stating, “This is a good performance as we annualise a record prior year of earnings growth with strong first half comparatives.” He highlighted B&M’s commitment to maintaining competitive pricing, superior product availability, and operational excellence across all business areas.
B&M’s recent financial results and strategic expansions position it favourably for continued success in the forthcoming retail period.
