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Evening Standard
Evening Standard
Business
Simon Hunt

B&M shares slide as CEO prepares for exit

Simon Arora Alex Russo BM

Outgoing B&M boss Simon Arora turned a struggling regional brand into a retail Goliath (Paul Faith/PA)

(Picture: PA Archive)

B&M shares slid 12% this morning after the discount retailer posted a fall in sales and profits as it wrestles with ongoing cost inflation and supply chain struggles.

Revenues at the company slipped 2.7% in the year to March 2022 to £4.7 billion, while pre-tax profits fell 3% to £524 million as the company failed to keep pace with the pandemic boom it encountered last year.

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