B&M reports a strong first quarter

B&M has reported on trading during the first quarter of its current financial year, relating to the 13 week period from 27 March to 25 June 2016.

The value retailer reported continued strong growth in the quarter despite challenging trading conditions, advising that total group revenue increased by 21.5% to reach £554.8m, compared with 2015 revenue of £456.6m.

During the trading period, B&M opened 12 new UK stores of the 50 planned for the UK this year, while in Germany, five of the 19 planned stores were opened. 

Simon Arora, Chief Executive, said, “Against a highly competitive backdrop, our robust and compelling retail business model delivered 21% growth over this first quarter. We have a well-defined and clear strategy for further growth and for B&M it remains ‘business as usual’ despite broader general economic uncertainty. Our outstanding value for money proposition to customers leaves us well-placed to continue to win market share.”

Click here to see the full publication.

Click here to learn more about B&M's German business: Jawoll. 

Source : Insight DIY and B&M Stores
www.bmstores.co.uk

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