Q1 sales drop at B&M

Q1 sales drop at B&M

Discount variety retailer B&M says that its revenues dropped by 2.2 per in its first quarter to March 27, 2022, to £1.16bn, with its primary B&M UK revenues down by 9.1 per cent to £957m. Despite this, the group remains confident that the guidance it issued on May 31st 2022 remains unchanged with adjusted group EBITDA being in the range of £550m to £600m.

As previously reported, the business is currently trialling an online offering of around 1000 products


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