B&M says it is fully stocked as it heads into the golden quarter as it posts results for the first half. Group revenues for the 26 weeks to September 25th were £2.3bn as compared with £2.2bn previously. Statutory profits before tax were also up from £235.6m to £241.4m.
Simon Arora, CEO commented: “We have responded decisively to supply chain challenges by leveraging our strong supplier relationships and we have improved in-store execution. As a consequence, we are fully stocked heading into the golden quarter, with stores already showcasing our excellent Christmas ranges. Although the pathway to a ‘new normal’ remains uncertain and the industry faces a number of supply and inflationary pressures as we enter the second half of the financial year, we are very confident that the B&M group is well-positioned to navigate these and will continue to be successful both in the UK and in France.”
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