B&M quarterly sales up 21% to £968m

Liverpool-based bargain retailer B&M European Value Retail said its sales revenue rose 21.4% to £967.7 million in the quarter to June 29, 2019.

B&M UK sales revenue for the 13 week period increased 13.8% to £738.9 million, with the group’s convenience store chain Heron Foods increasing 8.1% to £93.1 million of revenue.

Jawoll sales revenue in B&M’s German business increased 1.9% to £63.1 million.

B&M’s French business Babou generated £72.6 million of revenue in the quarter.

B&M CEO Simon Aror said: “The group has made a solid start and we are on track with our plans for the year as a whole, with a strong performance in the B&M UK business and continued implementation of our planned change programmes in Germany and France, with a continued focus on resolving the warehousing and logistics challenges in Jawoll.  

“B&M had its third consecutive record Easter trading period with sales of seasonal products and Homewares performing particularly well and Heron Foods has traded solidly too.

“The transitional changes to the product offers in Jawoll and Babou are now taking shape, as we apply the B&M model to those businesses.

“We look forward to the remainder of the year with confidence.”