B&M European Value Retail returned to like-for-like sales growth in the UK in the first half of its financial year, as group statutory profit before tax rose 53.7 per cent to £115m.
In interim results for the 26 weeks to 26 September 2026, published on 12 November, the value retailer reported group revenue up 3.6 per cent to £2,848m, with like-for-like growth across B&M UK, B&M France and Heron Foods.
Key figures
- B&M UK total sales up 2.4 per cent to £2,248m; like-for-like sales up 0.4 per cent
- UK like-for-like sales fell 2.3 per cent in the first quarter and rose 3.2 per cent in the second
- B&M France total sales up 13.7 per cent, with like-for-like sales up 5.9 per cent
- Heron Foods sales up 3.0 per cent
- Group gross margin 37.2 per cent, up 67 basis points
- Group adjusted profit before tax up 16.6 per cent to £121m
- Post-tax free cash flow of £132m, against £51m a year earlier
- Interim dividend of 3.6p per share
B&M said the first-quarter fall reflected poor seasonal weather and a strong comparison, particularly in April. General merchandise led the second-quarter recovery, helped by an extended garden season, with an improved performance in FMCG.
Chief executive Tjeerd Jegen said the “Back to B&M Basics” plan, which has sharpened pricing, improved availability of best-selling brands, revamped in-store promotions and cut the number of product lines, was starting to deliver.
For the full year, B&M expects adjusted EBITDA of £450m to £500m and adjusted profit before tax of £280m to £330m.
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