B&M Expects Strong Golden Quarter Amid Rising Profits.
- Profits for B&M surged as sales climbed 3.7% to £2.6 million.
- UK revenues reached £2.1 million, driven by increased volume.
- Group EBITDA saw an increase, despite a dip in adjusted operating profit.
- Future growth initiatives include a new UK imports center to expand capacity.
B&M’s financial results for the six months ending September 28 indicate a promising outlook for the upcoming ‘Golden Quarter.’ The company reported a 3.7% increase in sales, reaching a total of £2.6 million. This growth was attributed to an increase in volume, suggesting heightened consumer demand during the period.
Revenues within the UK also rose, totaling £2.1 million, further supporting the company’s optimistic future projections. However, while the group EBITDA improved by 2% to £274 million, there was a slight decrease in the group’s adjusted operating profit by 1.8%, which fell to £258 million. This decline was primarily due to increased costs associated with store expansion and supply chain investments in France.
To address these challenges and foster sustained growth, B&M announced plans to open a new UK imports center by fiscal year 2026. This center aims to optimize the capacity levels of B&M’s current distribution network, thereby enhancing their logistical efficiency.
The retailer continued its expansion strategy by opening 39 new locations over the half-year period. This included 30 new stores in the UK, bolstering their domestic market presence, alongside five new stores in France and four at Heron Foods. This aggressive expansion is part of B&M’s strategy to maintain momentum and capture more market share.
B&M’s CEO, Alex Russo, highlighted the company’s commitment to maintaining ‘everyday low price integrity,’ ensuring product availability, and upholding high operational standards. Russo emphasized that the company’s performance reflects a disciplined, low-cost approach, focusing on sustainable growth through teamwork and operational excellence.
B&M’s strategic initiatives and operational discipline are set to drive a robust performance in the forthcoming quarter.
