THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
The Papers
RETAIL INSIGHTS
RETAIL SOLUTIONS
• The HR Summit 2019
• AI in Retail Conference 2019
• Omnichannel Futures Conference 2020
• Future of Retail Marketing 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
B&M reports strong first quarter

B&M has seen strong first quarter trading with revenue growing by 18.3% to £656.3 million. The retailer said the performance was boosted by robust grocery sales…. View Article

GENERAL MERCHANDISE

B&M reports strong first quarter

B&M has seen strong first quarter trading with revenue growing by 18.3% to £656.3 million. The retailer said the performance was boosted by robust grocery sales.

In the three months to 24 June, B&M grew its UK sales revenue by 17.8% to £598.4 million with like-for-like sales growth of 7.3% although the UK business benefited from the timing of Easter trading which fell in the quarter this year. This added approximately 1% to the headline like-for-like total.

Its German business grew its revenue by 23.9%.

During the quarter, B&M opened nine new UK stores and four in Germany.

Simon Arora, B&M chief executive, said: “This quarter’s like-for like growth represents B&M’s strongest first quarter for three years. In these uncertain times, and with inflation returning to the UK market, more and more shoppers are actively seeking out value in our stores and that means our business is strongly positioned to do well and continue its rapid growth.”

The retailer said the second quarter has started well and that it is on course to achieve market consensus profit expectations for the full year.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Future of Retail Marketing 2020
Future of Retail Marketing 2020
10 June 2020
Cavendish Conference Centre, London W1G 9DT
The Future of Retail Marketing for Customer Engagement