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The latest update is out from B&M European Value Retail SA ( (GB:BME) ).
B&M European Value Retail reported modest third-quarter revenue growth, with group sales up 2.9% year-on-year and 3.6% for the year to date, supported by strong seasonal trading and a return to like-for-like growth in its core B&M UK business in December and early January. However, the company cut its full-year adjusted EBITDA guidance to £440m–£475m from £470m–£520m as it deepens investment in price, accelerates clearance of discontinued lines and stock clean-up under its “Back to B&M Basics” reset, and grapples with profit underperformance at Heron Foods, which is under strategic review. The retailer is pushing ahead with a broad rollout of SKU reduction and stock-availability initiatives following pilot trials, while B&M France continues to grow solidly in a competitive market and the group implements recommendations from an external review into a previously disclosed overseas freight cost systems issue, underscoring a focus on operational and financial controls even as near-term margins remain under pressure.
The most recent analyst rating on (GB:BME) stock is a Buy with a £196.00 price target. To see the full list of analyst forecasts on B&M European Value Retail SA stock, see the GB:BME Stock Forecast page.
Spark’s Take on GB:BME Stock
According to Spark, TipRanks’ AI Analyst, GB:BME is a Neutral.
The overall stock score of 66 reflects a mix of strong valuation and financial performance, offset by bearish technical indicators. The low P/E ratio and high dividend yield suggest the stock is undervalued, which is a significant positive factor. However, the technical analysis indicates a bearish trend, which could pose short-term risks. The financial performance is stable but requires attention to leverage and cash flow management.
To see Spark’s full report on GB:BME stock, click here.
More about B&M European Value Retail SA
B&M European Value Retail S.A. is a FTSE 250-listed variety goods value retailer operating 791 B&M-branded stores in the UK, 343 convenience outlets under the Heron Foods and B&M Express fascias, and 146 B&M stores in France. Founded in 1978 and listed in London since 2014, the group focuses on discount general merchandise and fast-moving consumer goods, targeting price-conscious shoppers in the UK and French markets.
Average Trading Volume: 6,887,558
Technical Sentiment Signal: Sell
Current Market Cap: £1.68B
For detailed information about BME stock, go to TipRanks’ Stock Analysis page.