B&M awards staff bonuses after strong golden quarter

B M 26

B&M Bargains has registered a strong uplift in revenues during the festive period as more consumers sought value for Christmas.

Group revenue surged 22.5% in the 13-week period to December 26, with UK stores generating revenue growth of 26.6%.

On a like-for-like basis UK sales jumped 21.1%, with the retailer opening net 16 new stores during the quarter.

B&M plans to open 18 more stores during the fourth quarter, bringing the total to 45 gross for the full year, offset by 10 closures.

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