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Insider UK
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insider.co.uk

B&M profits are up as home and food store defies retail gloom

Retailer B&M has reported an 8.7% increase in annual pre-tax profits to £249.4 million.

Revenue was up 17.1% at £3.49 billion in the 52 weeks to March 30. Like-for-like revenue growth at UK B&M stores was 0.7%, with an Easter boost of 5.8% in the final quarter.

Chief executive Simon Arora said: "B&M has again delivered strong results against the challenging backdrop of continued structural change in our industry, rising costs and uncertain times for consumers, demonstrating that its value credentials remain as resonant as ever with customers, whether they need a bargain or just enjoy one."

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