NEWS

B&M sales growth slows in UK

Published on: 20th July 2015

Sales growth at B&M has slowed with the company reporting like-for-like growth of 1.1% for the 13 weeks to 27th June.

B&M-Logo480This is lower than the 6% recorded in the same period last year. B&M has attributed this to disappointing weather in May which dampened outdoor sales.

However, it was a very successful time for the discount retailer in terms of expansion – 25 net new stores were opened in the quarter, with some of the new openings being among its most successful.

Total revenue for the quarter rose 24.4% to £456.6m compared with the same period last year. Shares rose 2.8% in morning trading in London, valuing the group at £3.5bn.

The shares have risen more than 22% since the float last year.

The company now has 450 outlets in the UK and 51 stores in Germany.

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