B&M’s expected profits jump off back of ‘very strong golden quarter’
B&M has upped its adjusted EBITDA range for the full year off the back of what boss Simon Arora called “a very strong golden quarter” trading period.
For the 13 weeks to December 25, value retailer B&M reported a 14% increase in sales on a two-year basis compared with pre-pandemic, despite revenues from stores for the period being down 2.5% on a year-on-year basis.
Group revenue growth for the period was 0.1% compared with 2020, but B&M upped its full-year EBITDA expectations to between £605m and £625m – well ahead of the current analysts’ consensus of £578m.
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