B&M reports like-for-like revenue growth in the first quarter

This included 1.3% like-for-like growth in its B&M UK division, with drier weather and Easter timing helping drive a strong performance in the retailer’s outdoor ranges.

Other categories performing well included garden, toys and DIY categories, but average selling prices being lower than the year before. The retailer said that this has lead to a lower trading gross margin in some categories, but that new ranges it was introducing will have a stronger margin.

FMCG sales were lower on a like-for-like basis than the same period in 2024. However, B&M said health and beauty, as well as cleaning, were “comparatively stronger” in June due to improvements in operational execution.

“While B&M UK’s like-for-like sales are growing, I see a significant opportunity and requirement to sharpen our commercial and operational execution as we move towards and beyond the Golden Quarter. Looking ahead, my focus is on building on our strong foundations, leveraging our market position, and continuing to deliver exceptional value for our customers,” said chief executive Tjeerd Jegen in a statement released alongside the results.

B&M France saw like-for-like growth of 1.1%, with four new stores opening so far this year.

In the period covered, B&M opened 18 new stores in the UK (a net increase of 10). It expects to open 45 new stores by the end of the year.

The results come a month after B&M reported full-year trading results that fell “below expectations”. Like-for-like sales in the UK dipped due to what the retailer said was a “challenging UK retail trading environment”.