UK discounter B&M expects full year profit at top end of guidance

By Thomson Reuters Apr 16, 2024 | 1:12 AM

LONDON (Reuters) – British discount chain B&M on Tuesday forecast full year profit at the top end of its guidance as it reported a 10.1% rise in revenue for the period that was partly driven by new store openings.

The FTSE 100 group, which sells everything from garden furniture to electrical items to toys and food, said it expected to report a year to March 30 2024 adjusted EBITDA of 629 million pounds ($782 million), versus guidance of 620-630 million pounds and 573 million pounds made in 2022/23.

($1 = 0.8042 pounds)

(Reporting by James Davey; editing by Sarah Young)