B&M has been buoyed by a record level of peak season sales and says it is ‘looking to 2020 with confidence’.
In an update for the 13 week period to 28th December 2019, the discount retailer reported total group revenues of £1.19b compared to £1.09b the prior period.
The B&M, Heron and Babou brands all enjoyed sales growth, while Jawoll’s income dipped slightly from £55.3m to £53m.
At the end of the quarter, the B&M UK stores business had 657 trading sites, having opened 15 gross new outlets. Heron Foods is now trading from 295, with the pipeline of launches for the next financial year ‘looking healthy’.
Chief executive Simon Arora said: “Overall the business delivered a good quarter operationally. Costs were well controlled and, combined with our usual strong focus on cash gross margins, yielded a profitable outcome. I would like to thank our teams across all our fascias for their hard work in delivering the biggest ever Golden Quarter for the B&M Group.”