B&M news

B&M has provided a trading update for the 13 weeks between 27 March and 25 June reporting that group revenues fell 2.2%, on a constant currency basis, to £1.16 bn. Like-for-like sales in the retailer’s core UK B&M estate fell 9.1% as it had to contend with challenging comparatives versus 2021 and poor weather in 2022. April proved to be an anomaly in B&M UK’s performance In the core B&M UK ...

Variety discounter B&M has released its results for the 52 weeks to 26 th March 2022. How did B&M perform in 2022? Group revenue : -2.7% YOY to £4,673m (+22.5% on a 2-year basis) B&M UK : -4.7% YOY to £3,909m (+25% on a 2-year basis) LFL revenues -9.0% vs FY21 but +13.0% on pre-pandemic levels of FY20 Heron Foods : -0.9% YOY to £411m (+5.4% on a 2-year basis) Fr...

Home Bargains sales surpass £3bn The retailer’s revenue increased 20% in the year to 30 th June 2021 to £3.3bn. Alongside this, operational profit increased 52% to £394m in the period. Pre-tax profits rose similarly 51% to £396.7m. Growth was partly driven by new store openings, with the retailer opening 27 in 2021, bringing its total to 552 stores. This followed 19 store openings in 20...

Variety discounter B&M has reported encouraging Christmas trading, with group sales essentially matching last year’s pandemic-elevated peak. Against a demanding 22.5% growth from a year ago, group sales for the third quarter (26 September – 25 December 2021) rose 0.1%, bringing the year-to date total over nine months to +0.9%. B&M now expects FY22 to be significantly ahead of analyst expectations...

Variety discounter B&M’s half year results for the 26 weeks to 25 September show a decline in performance from its Q1 sales. Key numbers: Group revenue £2,268m +1.2% year-on-year (+26.8% vs 2019 pre pandemic figures) Group adjusted EBITDA of £282.2m, representing growth of +86.4% vs H1 FY20 B&M UK revenue £1,909m +1.3% (+31.1% vs 2019) 14 gross new store openings (9 ...

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% ...