UK discount retailer B&M European Value Retail sees a 4.4% increase in group revenues, hitting £1.405bn ($1.89bn) in Q1 FY26. Growth attributed to new space and positive like-for-like performance in both B&M UK and B&M France.
B&M UK reports a 1.3% rise in like-for-like sales, driven by strong performance in general merchandise outdoor ranges in April 2025. Health and beauty and cleaning categories show improved performance in June.
Despite deflation in average selling prices, categories like garden, toy, and DIY perform well. Lower year-on-year trading gross margin seen in some general merchandise categories due to ASP deflation.
B&M UK anticipates annualizing ASP effects in Q2, expecting new ranges to have a higher bought-in trading gross margin. 18 new stores opened in Q1, on track for 45 new store openings in 2025.
B&M France experiences a 1.1% like-for-like growth and total revenue increase of 7.6%, opening four new stores in 2025. Heron Foods, part of B&M group, trades profitably with two gross store openings up to July 2025.
B&M European Value Retail CEO Tjeerd Jegen emphasizes the importance of the value-focused model in the current economic climate. Focus on sharpening commercial and operational execution for future growth and delivering exceptional value to customers.
B&M’s Ellesmere Port import center operational, plans to relocate Middlewich distribution center before lease expiry in August 2026. CEO Jegen highlights the need to build on strong foundations and leverage market position for continued success.
Read more at Yahoo Finance: B&M European Value Retail posts 4.4% revenue growth in Q1 FY26