B&M has updated the stock market with its performance figures for the 13 weeks to 23 December ’23. Its like-for-like revenue growth for the Q3 period was 1.2 per cent at £1,645m.
CEO Alex Russo commented: The performance across the golden quarter has been pleasing, with strong operational execution across the three businesses. Our strategy remains unchanged – we are an everyday low-price discounter with a laser focus in keeping excellence in retail standards and our costs the lowest. This allows us to provide our products at the best price to all customers – many of whom continue to face significant cost-of-living pressures.”
The business plans to open 45 new UK stores for B&M and a further 20 for its Heron Foods brand, and also has sights on 11 new stores in France.
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