B&M’s expected profits jump off back of ‘very strong golden quarter’

B&M Bargains

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.

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.