Value group B&M has reported an increase in sales over the third quarter.
B&M, which also owns Heron Foods, posted a 5% year-on-year sales uplift at group level to £1.65bn in the 13 weeks to December 23. In the year to date the rise was 8.1% to £4.19bn on a constant currency basis.
At the core B&M UK business, sales rose 3.7% to £1.35bn in the quarter. Over 14 weeks to December 30, like-for-likes were up 1.2%, which B&M said was “a strong quarter given prior year comparatives.”
Heron Foods’ sales rose 11.7% to £144m in the quarter, while at B&M France revenue was up 11.3% to £151m.
B&M reported that “excellent general merchandise volume performance delivered strong sales participation and high sell-through” and it came out of the quarter with a clean group inventory position.
B&M chief executive Alex Russo said: “The performance across the golden quarter has been pleasing, with strong operational execution across the three businesses.
“Our strategy remains unchanged – we are an everyday low-price discounter with a laser focus in keeping excellence in retail standards and our costs the lowest. This allows us to provide our products at the best price to all customers, many of whom continue to face significant cost-of-living pressures.”
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