Increased volume momentum driving profit at B&M

Selection items low cost retailer B&M has reported a rise in third quarter gross sales and stays on monitor with its ongoing retailer growth programme.

In accordance with its newest buying and selling replace for the 13 week interval to twenty-eight December 2024, whole Q3 group gross sales rose 3.5% with B&M UK gross sales up 2.8% to £1.3bn. Yr-to-date B&M UK gross sales are up 3.3% to £3.5bn.

B&M UK gross margin and revenue efficiency was robust within the quarter, with a clear stock exit place. January seasonal transition is “properly on monitor and availability could be very robust”, whereas the retailer expects to open 73 new shops throughout the group, with 45 being B&M websites within the UK.

Alex Russo, Chief Government, mentioned: “Our efficiency throughout the Golden Quarter displays disciplined operational execution throughout our companies, driving quantity and in flip revenue development. The enterprise stays undistracted by the present financial headlines. Our working mannequin is properly set as much as give prospects distinctive worth once they want it most. Pricing, availability, retailer requirements and a disciplined opening programme will underpin optimistic quantity development throughout our ranges. Our DC logistics community capability upgrades are on-track in each the UK and France to help long-term development.

“With three quarters of the monetary 12 months now full, we slender our beforehand disclosed revenue development steering vary. FY25 Group adjusted EBITDA (pre-IFRS 16) is now anticipated to be within the vary of £620m to £650m (FY24 52 weeks: £616m / FY24 53 weeks: £629m). That is equal to Group adjusted working revenue of between £590m to £620m.

“Our technique is evident – we’re an on a regular basis low-price discounter with a laser-focus in maintaining excellence in retail requirements and our prices the bottom. This permits us to drive volumes by providing our best-selling merchandise at distinctive worth to each buyer. Via this quantity development, and with our main return on capital enterprise mannequin, we proceed to generate revenue and money returns for our shareholders.”