B&M sales surge as DIY and gardening demand spikes in lockdown

Bmbargains

B&M has posted a jump in sales during lockdown, driven by “exceptionally strong” performance in grocery, DIY and gardening categories.

The value operator said like-for-likes climbed 6.6% during its fourth quarter, covering the 13 weeks to March 28, buoyed by consumers stocking up on supplies ahead of lockdown. It hailed sales in its grocery categories, including its Heron Foods business, during the period. 

B&M said revenue growth has continued since the start of its new financial year. In the eight weeks to May 23, like-for-like sales in its core UK business surged 22.7%.

The retailer said performance in DIY and gardening categories offset “a significant fall in customer count” during the period, as customers stayed at home during the coronavirus pandemic.

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