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Evening Standard
Evening Standard
Business
Michael Hunter

B&M to open more stores after 'strong golden quarter' but rate of sales growth slows at the high street bellwether

BM

High street discounter B&M European Value underlined its existing profit guidance for 2023 and its expansion plans for this year, after sales rose in the peak Christmas shopping season. 

But the 5% rise across the group in what retailers call the “golden quarter” was lower than the 6.2% growth in the first half of the year. Shares in the FTSE 100 company slipped, by 0.8% to 557p, coming off a strong run into the closely watched trading update. 

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