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3w ago

B&M European Value Retail Expects Earnings Above Guidance Midpoint as France Outperforms

The retailer's French division offsets UK sales decline, while leadership transitions and aggressive expansion reshape its strategy.

Total group revenues at the discounter B&M rose 3.7 per cent to £5.6 billion in the 12 months to the end of March,
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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.