B&M news

Recently released results from variety discounters Poundland, Poundstretcher and B&M show the challenges of 2020, and the uncertainty that lies ahead. We look at the results in more detail and consider how each retailer is placed heading into 2022. Poundland full year results show the impact of COVID Poundland’s results for the year ending September 27, 2020, reveal the severe impact COVI...

Variety discounter B&M has announced its results from 28 March to 26 June. They show a strong performance compared to pre-pandemic levels, but unsurprisingly a decline in sales when compared to the huge uplift seen in 2020. Key figures show -4.4% like-for-like sales Group revenue £1,188m +3.1% B&M UK £1,018 like-for-like +21.3% versus pre-pandemic levels of FY20 -4.4% one year l...

B&M's results for the 52 weeks to 27 March 2021 show strong performance in both the UK and France. Growth was driven by new store openings and sales in non-grocery categories. Key group financial figures for FY21 Group revenues increased by +25.9% to £4.8bn  Gross profit +36.8% to £1.76bn B&M UK and Heron Foods see strong growth against FY20 B&M UK revenue £4.07bn +29.9% ...

With COVID-19 impacting the way people shop, each channel has had to adapt to satisfy changing shopper needs. The discount channel has had a mixed experience dealing with these changes throughout the pandemic. Sales have been negatively impacted due to shoppers using fewer channels and avoiding smaller stores. For the variety discounters, such as Poundland, they have also had challenges including...

Variety discounter B&M's Q3 results (13-week period from 27 September to 26 December 2020) show positive growth across the majority of the business, particularly its UK banner.  Revenue growth across all banners, expect Babou Group revenue +22.5% to £1,398.5m (2019: £1,138m) B&M UK +26.6% to £1,211.8m (2019: £957.4m) Heron Foods +7.6% to £102.9m (2019: £95.6m) Babou (France) -1.4% ...

Lidl, B&M and Amazon have become the latest retailers to repay business rates relief received from the UK government and devolved administrations during the pandemic. The announcements follow the decision by Tesco to repay the relief last week and subsequent moves from Sainsbury’s, Asda, Morrisons and Aldi . In total the relief set to be repaid by grocery retailers has now reached £1.9bn. L...

Interim results (26 weeks to 26 September) for the value retailer B&M show that the business retained significant momentum in its second quarter, despite the slackening of lockdown restrictions bringing more ‘normal’ trading conditions to the UK market during the summer.  Total revenue for the half was £2,242m, with the uplift driven substantially by like-for-like increases as shoppers maintained...

Variety discount retailer B&M’s Q1 results (29 th March 2020 to 27 th June 2020) show continued strong growth in the first quarter of the financial year and particularly its UK banner. Its value-led model and convenient out of town locations continue to prove to be attractive to customers. Revenue growth across all banners expect Babou Group revenue +27.7% to £1,154.8m (2019: £904.6m) ...

The group delivered 16.5% revenue growth to £3.8bn in its latest annual results. However, it anticipates slower store openings and ongoing impact of social distancing in the year ahead. Results in brief (52 weeks to 28th March 2020) B&M: Revenue +12.6%. LFL +3.3% (Q4 +6.6%) Heron: Revenue +10.1%. Positive LFL growth Babou: £154m revenue COVID-19 disruption slowing store openi...

B&M has released an unscheduled trading update for the 13 weeks ending 28th March (Q4) and the first eight weeks of the 2020/21 financial year to 23rd May 2020. The retailer saw strong like-for-like sales growth across this period, according to Retail Gazette. Performance driven by grocery, gardening and DIY +6.6% B&M UK like-for-like sales in Q4 +22.7% B&M UK like-for-like sales in t...