B&M reports solid growth, positioning well for the year’s end.
- Sales increased by 3.7% to £2.6 million on volume growth.
- Group EBITDA rose slightly, despite higher operational costs.
- New UK import centre planned to support future expansion.
- CEO Alex Russo confirms disciplined, low-cost operational approach.
B&M registered a sales increase of 3.7%, amounting to £2.6 million, primarily driven by volume growth. The UK market contributed significantly with revenues reaching £2.1 million for the same period. Despite facing higher costs due to store expansions and supply chain investments in France, the group maintained a stable growth trajectory.
The company’s group EBITDA rose by 2% to £274 million, reflecting its ability to manage costs effectively amidst expansion. However, the group adjusted operating profit saw a decline of 1.8% to £258 million, highlighting the financial pressures from increased operational expenses. To address capacity challenges, B&M has announced the opening of a new UK import centre by fiscal year 2026. This move aims to optimise the capacity levels of its existing distribution network.
During the half-year, B&M successfully launched 39 new stores, including 30 in the UK, five in France, and four at Heron Foods. This expansion is expected to strengthen its market presence and drive future growth. The leadership anticipates its full-year group adjusted EBITDA to range between £620 million and £660 million, signalling confidence in its strategic direction.
CEO Alex Russo described the company’s performance as strong, especially as it comes off the back of a record prior year. He emphasised the company’s commitment to maintaining everyday low prices, high product availability, and operational excellence. Russo noted, “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.”
B&M’s robust performance and strategic initiatives position it favourably for continued success in the upcoming periods.
