B&M’s full-year profits set to exceed expectations

  • B&M’s full-year profits expected to hit top end of expectations
  • Sales surged 10.1% over the year
  • Adjusted EBITDA expected to reach £629m, 9.8% higher than last year
  • Group sales topped £5.5bn for the year
  • UK like-for-likes rose 3.7% over the full-year
  • B&M opened 47 new stores, including the acquired Wilko stores
  • Expansion plans to open not less than 45 UK B&M stores in each of the next two financial years
  • French and Heron businesses showing significant profitable growth potential

B&M, the value chain retailer, is expected to achieve full-year profits at the top end of expectations as sales surged 10.1% over the year. The company’s adjusted EBITDA is projected to reach £629m, a 9.8% increase compared to the previous year. Group sales for the year exceeded £5.5bn, driven by volume growth and positive like-for-likes. B&M’s UK like-for-likes rose 3.7% over the full-year, with a 2.9% increase in the 14-week period to 30 March. The retailer opened 47 new stores, including the acquired Wilko stores, which are performing well. B&M plans to continue its expansion by opening at least 45 new stores in the UK over the next two financial years. The company’s French and Heron businesses also show significant potential for profitable growth.

Factuality Level: 8
Factuality Justification: The article provides specific details about B&M’s financial performance, including sales figures, profit expectations, and like-for-like growth. The information is presented in a straightforward manner without any obvious bias or sensationalism. The article focuses on relevant facts and avoids unnecessary digressions or tangential details.
Noise Level: 3
Noise Justification: The article provides relevant information about B&M’s full-year profits, sales growth, and expansion plans. It includes specific numbers and details to support its claims. However, the article contains some repetitive information and includes an unrelated mention of Primark’s ecommerce strategy at the end, which detracts from the overall focus.
Financial Relevance: Yes
Financial Markets Impacted: B&M’s full-year profits and sales performance
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses B&M’s financial performance, including its sales growth and expected profits. There is no mention of any extreme events or their impact.

Reported publicly: www.retailgazette.co.uk