B&M
This coverage focuses on B&M’s strategy, operations, and performance within the UK value retail sector. Reporting highlights store openings, pricing strategies, leadership decisions, marketing campaigns, and the retailer’s response to changing consumer demand. Tailored for retail executives, brand managers, and operations professionals, the content provides insight into how B&M sustains growth and competitiveness in a value-driven market.
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Nov- 2022 -10 NovemberDIY
B&M maintains FY23 outlook despite £40m profit drop
B&M has maintained its previous guidance for the full year (FY23) with group adjusted Ebitda expected to be in the range of £550m-£600m, as the company expects to retain customers due to the economic crunch. This comes despite a 16.7% drop in pre-tax profits year-on-year for the 26 weeks to…
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Sep- 2022 -16 SeptemberNews
B&M confirms CEO departure date
B&M has confirmed that Alex Russo will succeed Simon Arora as group chief executive officer on 26 September, the commencement of the second half of its financial year. The takeover was first announced on 31 May 2022, after Arora had announced his intention to step down as CEO on 22…
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Jun- 2022 -22 JuneSupermarkets
Outgoing B&M boss awarded £5m payout
The outgoing boss of B&M Simon Arora has become one of the highest earning CEOs in retail after earning £5m last year, according to the company’s annual report. Arora was paid a base salary of £810,000 and also received an annual bonus of £1.5m and a long-time share bonus worth…
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May- 2022 -31 MayDIY
B&M appoints CEO successor as FY revenues dip
B&M has revealed that sales dipped in its latest full-year results, alongside the announcement of a new CEO, as revenue fell by 2.7% to £4.7bn against the prior year, despite increasing 22.5% on a two-year basis against FY20. Its UK fascia revenue decreased 4.1% year-on-year, largely driven by a one-year…
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Jan- 2022 -6 JanuaryDIY
B&M ups guidance following strong festive trading
B&M has announced it has raised its guidance for FY22 following a period of “very strong” trading in the run-up to Christmas. The retailer’s EBITDA is now expected to be in the range of £605m to £625m, ahead of analysts’ current estimate of £578m. Although total UK revenue was down…
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Dec- 2021 -10 DecemberDIY
B&M to pay £250m to shareholders
B&M has announced that its board will pay out a total of £250m to shareholders after declaring a special dividend of 25.0p per share. It comes as the group welcomed a “strong” performance against pre-pandemic levels in its FY22 interim results on 11 November, with an ongoing evaluation of its…
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Nov- 2021 -16 NovemberHigh Street
B&M launches £250m senior secured notes offering
B&M has announced that it intends to raise £250m through a sterling-denominated senior secured notes offer due in 2028. B&M said it would use the money raised from the secured notes, a type of corporate bond that gives an investor a higher-priority claim compared to junior notes when a company…
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12 NovemberHigh Street
B&M revenues hit £2.2bn despite ‘challenges’
B&M has revealed group revenues increased by 1.2% to £2.26bn – and up 26.8% on a two-year basis – during the 26-week period ending 30 September 2021. It said the performance comes as gross margin in its UK business was “particularly strong”, driven by a change in the sales mix…
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Sep- 2021 -9 SeptemberHigh Street
B&M HY results to beat expectations
B&M European Value Retail S.A has revealed that whilst group revenues year to date have been “broadly in line with market expectations”, its performance has been strengthened by better than anticipated margins in its UK business. As a consequence, the group said it now expects adjusted EBITDA for the 26-week…
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Nov- 2020 -12 NovemberNews
B&M profit and earnings soar in H1
B&M has announced that adjusted pre-tax profit more than doubled in the half-year ended 26 September, with profit soaring 128.5% to £253.6m, up from £111m the prior year. In the same period, the business, which has remained open during national lockdowns, saw group adjusted EBITDA rocket 95.3% to £295.6m, up…
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