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