Overview

• B&M projects full-year adjusted EBITDA to exceed the midpoint of its £605 million - £625 million guidance range, with final results expected on June 4.
• Group revenues rose 3.7% to £5.6 billion, driven by strong performance in France and new store openings across markets.
• UK like-for-like sales fell 1.8% in the last quarter, while the French division posted a 3.2% increase, highlighting divergent market dynamics.
• The company opened 45 new stores in the UK last year and plans a similar expansion this year, alongside growth in the French and Heron Foods divisions.
• Major leadership changes include the impending retirement of CEO Alex Russo and the departure of Bobby Arora, the last active member of the Arora family.