B&M European Value Retail SA ( (GB:BME) ) has issued an update.
B&M European Value Retail S.A. announced a positive trading update for the third quarter of FY25, highlighting a 3.5% year-to-date revenue growth on a constant currency basis. The company declared a special dividend of £151 million, reflecting strong cash generation driven by increased volume momentum. B&M UK and B&M France showed robust performance, with the latter achieving a 12.5% revenue increase. The company plans to open 73 new stores in FY25 and is considering relocating its parent company’s domicile to Jersey or Ireland. The announcement underscores B&M’s strong market positioning and strategic focus on value retailing, aiming to drive volume growth and maintain high return on capital, benefiting both operations and shareholders.
More about B&M European Value Retail SA
B&M European Value Retail S.A. is a leading variety goods value retailer in the UK, operating 772 stores under the ‘B&M’ brand, as well as 340 ‘Heron Foods’ and ‘B&M Express’ stores, and 134 stores in France under the ‘B&M’ brand. Established in 1978, the company is listed on the London Stock Exchange.
YTD Price Performance: -1.96%
Average Trading Volume: 5,220,562
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.66B
See more data about BME stock on TipRanks’ Stock Analysis page.