B&M European Value Retail has reported a strong third-quarter driven by the festive period.
The company’s UK like-for-like sales rose by 7.2% in its third quarter. It reported total group revenue of £789.1m for the quarter, up 20.5% in constant currency. On the basis of actual currency, total sales revenue increased by 21.8%.
Simon Arora, chief executive, commented: “I am delighted to report that B&M has delivered a strong performance through peak trading, reflecting a powerful return to trading form, helped by increased levels of operational stability in our stores and supply chain. We have delivered our best ever Christmas trading and served over 5.5m customers in a single week in the UK alone as we continue to gain market share”.
He also added that its German business, Jawoll, has also performed well and its first steps towards a faster pace of expansion are going to plan.
At the end of the quarter, the UK business was trading from a total of 533 stores, with 14 having opened in the last 13 weeks.