B&M has grown group revenue by 13.5% in the 13 weeks to 24 June, 2023, as shoppers search out value during the cost-of-living crisis. 

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B&M has grown revenue by 13.5% in the 13 weeks to 24 June, 2023

The variety discounter’s UK operation posted a sales rise of 11.3% for the period to ÂŁ1.07bn, while sales in France soared 29% to ÂŁ117m. 

Revenue at its frozen foods chain Heron Foods grew by 19% to ÂŁ135m. 

The retailer reported that sales in both grocery and general merchandise had “performed very well” as customers focused on value during this period of high inflation. It added that sales participation and sell-through had been “excellent”.

B&M chief executive Alex Russo said: “Our strong trading momentum demonstrates the strength of our unchanged strategy to relentlessly focus on price, product and excellence in retail standards.  

“The business is well positioned as we start to transition to our autumn-winter season. We will continue to work hard to help all our customers manage the cost-of-living crisis.”

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