THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
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.

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

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
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
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process