B&M raises profit forecast following first-half sales surge

B&M Bargains

B&M has raised its half-year profit guidance following a “strong” uplift in sales.

The value operator now expects to post an adjusted EBITDA of approximately £285m for the six months to September 26, outstripping its previously guided range of £250m to £270m.

B&M said group revenues surged 25% during the period, with its UK stores generating revenue growth of 30%. On a like-for-like basis, UK sales climbed 23%.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.