B&M CFO resigns as international freight issue sees profit forecast trimmed
Value retailer B&M has announced the resignation of its chief financial officer, after an issue with international freight costs caused it to revise its profit forecast for the financial year.
In a statement to the City today, B&M said it had found Ā£7m of overseas freight costs had ānot correctly [been] recognised in cost of goods soldā and that while the āunderlying system issueā responsible has since been resolved, āits financial impact is material to our outlookā for FY26.
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