B&M European Value Retail S.A. (BME.L), a discount retailer of variety goods, reported that third-quarter group revenues rose 2.9% year-over-year to 1.737 billion pounds, or 2.6% at constant currency.
B&M UK reported third-quarter total revenue growth of 1.9% and like-for-like sales of negative 0.6%, with December showing a positive like-for-like increase of 3.0% after low single-digit declines in October and November. Trading in early January has maintained this positive trend, supported by strong customer response to clearance events across seasonal ranges and discontinued lines.
The financial guidance for fiscal year 2026 Group adjusted EBITDA (pre-IFRS 16) has been revised downwards to a range of 440 million pounds to 475 million pounds, compared with the previous guidance of 470 million pounds to 520 million pounds. This adjustment reflects ongoing investments in pricing and clearance, initiatives to improve stock quality, and the financial underperformance of Heron Foods, where the customer offer is under review and repositioning. Confidence remains that the measures being implemented will restore sustainable like-for-like growth at B&M UK over the next 12 to 18 months, providing a critical foundation for the Group's future growth.
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