Wed, January 15, 2025
Tue, January 14, 2025
Mon, January 13, 2025
[ Mon, Jan 13th ] - CNET
Rocket Money Review 2025
[ Mon, Jan 13th ] - CFO
A CFO action plan for 2025
Sun, January 12, 2025
Sat, January 11, 2025
Fri, January 10, 2025
Thu, January 9, 2025
Wed, January 8, 2025
Tue, January 7, 2025
[ Tue, Jan 07th ] - CIO
Battle bots: RPA and agentic AI
Mon, January 6, 2025
Sun, January 5, 2025

UK discount retailer B&M narrows annual core profit forecast


//business-finance.news-articles.net/content/202 .. ler-b-m-narrows-annual-core-profit-forecast.html
Published in Business and Finance on by Reuters   Print publication without navigation

British discount retailer B&M narrowed its annual adjusted core profit forecast on Thursday, following a 2.8% increase in revenue growth in the third quarter, as it focuses on volumes and competitive pricing.

B&M European Value Retail, a UK discount retailer, has narrowed its annual core profit forecast for the fiscal year ending March 2024, expecting an adjusted EBITDA between 620 million and 630 million pounds, down from a previous range of 610 million to 640 million pounds. This adjustment comes despite a 5.0% increase in like-for-like sales in its UK operations over the 14 weeks to December 30, driven by robust demand for general merchandise and groceries. However, the company noted that the current year's profit would be lower than the previous year due to the absence of a 53rd week in the fiscal calendar and the lack of repeat benefits from last year's energy cost support. B&M also mentioned that its French operations continue to face challenges, although there are signs of improvement.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/retail-consumer/uk-discount-retailer-bm-narrows-annual-core-profit-forecast-2025-01-09/ ]

Publication Contributing Sources