- Group revenue rises 3.7%
- New UK import centre for 2026
- France revenue grows 6.8%
Shares in B&M European Value (BME) gained over 3% to 392p in morning trading as the low-priced variety goods retailer said group revenue for the 26 weeks to 28 September increased by 3.7% to £2.64 billion.
The increase was driven by UK sales growth, which improved across the first half of the year by 6% against 1.5% in the first quarter.
The discount chain will also open a new UK import centre in full year 2026 ‘to future-proof volume growth’, optimising existing distribution centre network capacity levels.
WHAT DID THE CEO SAY?
Chief executive Alex Russo was upbeat about the latest set of results: ‘We continue to execute with EDLP (Everyday Low Price) integrity for all our customers. Our model is underpinned by a disciplined and low-cost approach across all three of our businesses, focusing on simple, sustainable growth, delivered through the hard work of our teams.’
Russo went on to say B&M’s grocery and general merchandise continue to ‘resonate very well with customers at a time when disposable incomes remain under pressure and the tax burden continues to increase.’
STRONG CONSUMER DEMAND
Julie Palmer, partner at Begbies Traynor, said: ‘With continued investment in new store openings and a UK import centre set to support expansion in full year 2026, B&M is doubling down on its growth strategy.
‘The emphasis on pricing and operational efficiency continues to resonate with budget-conscious shoppers, while strategic moves like expanding affordable general merchandise ranges and opening stores in the UK and France have bolstered its market share.
‘With consumer confidence remaining fragile, B&M’s cautious outlook and focus on operational efficiency look sensible. Maintaining a lean, scalable operating model will be critical in the weeks ahead as the retailer aims to capture festive spending without sacrificing margins. While challenges may persist, the company’s proven value-oriented strategy puts it in a good position to navigate any further volatility in the months ahead.’
