B&M has driven profit and sales growth over golden quarter trading period

UK revenue increased 2.8% year-on-year to £1.4bn in the 13 weeks to December 28. In the year to date, revenue in the UK reached £3.5bn.

B&M France revenue grew 12.5% year-on-year to reach £164m over the festive trading period.

Seasonal ranges across fast-moving consumer goods and general merchandise delivered “positive volume growth” in December, and the UK saw a “strong profit performance” in the third quarter over Christmas.

B&M UK is on track to open 45 stores, with an additional 11 in France and 17 across Heron Foods. 

The retailer added it is still looking to relocate its residence to either Jersey or Ireland and there are enquiries with regulators and authorities ongoing.

B&M chief executive Alex Russo said: “Our performance across the Golden Quarter reflects disciplined operational execution across our businesses, driving volume and in turn profit growth. The business remains undistracted by the current economic headlines. 

“Our operating model is well set up to give customers exceptional value when they need it most. Pricing, availability, store standards and a disciplined opening programme will underpin positive volume growth across our ranges. Our DC logistics network capacity upgrades are on track in both the UK and France to support long-term growth.

“With three quarters of the financial year now complete, we narrow our previously disclosed profit growth guidance range. FY25 Group adjusted EBITDA is now expected to be in the range of £620m to £650m. This is equivalent to group adjusted operating profit of between £590m to £620m.

“Our strategy is clear – we are an everyday low-price discounter with a laser focus on keeping excellence in retail standards and our costs the lowest. This allows us to drive volumes by offering our best-selling products at exceptional value to every customer. 

“Through this volume growth, and with our leading return on capital business model, we continue to generate profit and cash returns for our shareholders.”