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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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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Sep- 2020 -29 SeptemberDIY
B&M raises guidance following ‘strong’ H1
B&M has welcomed “strong” revenue growth in its first-half of trading, reporting group revenue growth of 25.3% in the period ended 26 September 2020. In its latest first-half trading update, the group said B&M UK stores generated revenue growth of 29.5%, including like-for-like growth of 23%. Trading momentum at B&M…
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Jul- 2020 -10 JulyPeople Moves
Alex Russo appointed B&M CFO
Discount retailer B&M has appointed Alex Russo as CFO and executive director, with effect from 16 November 2020. Further to the announcement made on 3 March 2020, Russo will join the company as the CFO designate on 5 October 2020. He succeeds Paul McDonald, who will retire from the board…
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1 JulyNews
B&M reports ‘strong’ performance as revenue rises over 25%
Budget retailer B&M has reported a “strong” start to the financial year as it saw a 27.7% increase in group revenues to over £1.1bn during the period from 29 March 2020 to 27 June 2020. B&M said the strong start to the new financial year can be attributed to its…
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