B&M European Value Retail SA banner

B&M European Value Retail SA
LSE:BME

Watchlist Manager
B&M European Value Retail SA Logo
B&M European Value Retail SA
LSE:BME
Watchlist
Price: 207.4 GBX -0.38% Market Closed
Market Cap: £2.1B

B&M European Value Retail SA
Investor Relations

B&M European Value Retail sells low-priced general merchandise, groceries, and seasonal goods through discount stores in the UK, with a smaller presence in France through its Heron Foods and B&M formats. Its stores focus on everyday items customers want to buy cheaply, such as household products, food and drink, toys, DIY goods, and garden supplies. The company’s business is built around a simple promise: offer a wide range of branded and private-label products at prices below traditional supermarkets and general retailers. The company makes money mainly by buying goods in large volumes from suppliers, keeping its store operations lean, and selling those items quickly at low markups. Its main customers are value-conscious households and shoppers looking to stretch their budgets on regular purchases and seasonal bargains. B&M also serves families and local shoppers who like the convenience of one-stop discount stores rather than larger, more expensive retail chains. What makes B&M different is its role as a hard-discount retailer with a broad non-food mix, not just a grocery chain. It sits between manufacturers and shoppers as a fast-moving seller of branded bargains, closeout stock, and staple items, using a simple store format and frequent product turnover to keep prices low and traffic high.

Show more
Loading...
BME
FTSE All Share Index
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 13, 2025
AI Summary
Q2 2026

Revenue Growth: Group revenue rose by 4% to GBP 2.75 billion, supported by new store openings and strong performance in France.

Profit Decline: Adjusted EBITDA fell sharply to GBP 191 million from GBP 274 million last year, due to flat UK like-for-like sales, lower gross margin, and higher statutory costs.

Guidance Reiterated: Management maintained full-year adjusted EBITDA guidance of GBP 470 million to GBP 520 million, despite challenging trading conditions.

Back to Basics Plan: The company launched the 'Back to B&M Basics' plan focused on pricing, range simplification, and improved availability, aimed at restoring UK like-for-like sales growth over 12–18 months.

Store Expansion: The UK store opportunity was reaffirmed at 1,200 sites, with plans to open 40–45 new stores this year.

Margin Recovery Target: Management expects UK EBITDA margins to return to low double digits in the medium term as Back to Basics initiatives take effect.

Leadership Changes: New hires were announced for Group Trading Director, interim CFO, and a combined Retail & Supply Chain head to strengthen execution.

Accounting Issue: A previously disclosed accounting error related to unrecognized freight costs prompted an external review, with findings expected in early 2024.

Key Financials
Revenue
GBP 2.75 billion
Adjusted EBITDA
GBP 191 million
UK Adjusted EBITDA Margin
7.7%
Free Cash Flow
GBP 51 million
Capital Expenditure
GBP 74 million
Leverage Ratio
1.6x pre-IFRS 16 EBITDA
Gross Profit (UK)
GBP 794 million
Staff Cost Increase (Group)
GBP 30 million
Staff Cost Increase (UK)
GBP 24 million
Producer Responsibility Tax
GBP 14 million
Store Count (UK)
786
New Stores Opened (Group)
31 gross; 15 net
New Stores Opened (UK)
23 gross; 9 net
Earnings Call Recording
Other Earnings Calls

Management

Mr. Alejandro Russo
CEO & Executive Director
No Bio Available
Mr. Mike Schmidt
CFO & Executive Director
No Bio Available
Dave McCarthy
Head of Investor Relations
No Bio Available
Mr. Alexander Simpson
General Counsel
No Bio Available
Mr. Cedric Mahieu
Chief Executive Officer of France
No Bio Available
Mr. Tony Dobbs
Managing Director of Heron Foods
No Bio Available
Mr. Anthony Giron
Managing Director of France
No Bio Available
Mr. Peter Waterhouse
Group Financial Controller
No Bio Available
Jon Parry
UK Supply Chain Director
No Bio Available

Contacts

Address
Luxembourg
9, Allee Scheffer
Contacts
+352246130208.0
www.bandmretail.com
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett