In the 13 weeks to 29 June, 2024, B&M posted a group sales increase of 2.4%, to £1,345m.
UK sales were up 1.5% to £1,080m in the quarter. The group said the increases were driven by volume and a disciplined store opening programme across the UK, France and Heron Foods.
The Q1 like-for-like sales increase in the UK was 3.5% (excluding the Easter YoY timing impact), which is compared to a strong 9.2% increase in Q1 2023 and unseasonal weather this year.
The group continues to expect profitable cash generating growth across the full financial year, underpinned by its strong fundamentals and normalising comparatives.
Alex Russo, chief executive, commented: “The growth fundamentals of our business are strong, with a highly disciplined approach on pricing, product and high operational standards. We continue to offer our customers exceptional value at a time when household incomes are under pressure.
“Ahead of Q2, we have launched our Everyday Value range with more than 500 new lines in core categories across home, electrical and pet in the UK and France. As we transition towards autumn/winter in the months ahead, our relentless focus on Everyday Low Price and Everyday Low Cost will ensure we continue to serve our customers well.”
