B&M posts half year drop in profits

B&M posts half year drop in profits

B&M hs posted statutory pre-tax profits of £201m for the six months to September 24th, 2022 which was down from last year’s £241m – even though total group revenue had increased to £2.309bn from £2.258bn.

CEO Alex Russo said: “Sales momentum is good as we enter a difficult period for the economy and consumers.

“We are well positioned as we trade through the golden quarter and our strategy remains unchanged – a relentless focus on price and product.”

Russo recently assumed the CEO role at B&M following the retirement of Simon Arora. He said: “I would like to personally thank Simon Arora for his leadership of B&M. He and his brother Bobby have built an exceptional business and the team will continue to build on Simon’s legacy.”


Twitter Facebook LinkedIn WhatsApp

Related News

Tesco takes Paperchase IP

Sign up to receive our newsletter