It has been reported that B&M has seen strong progress this year leading to 26th March with group revenues growing 23.6% to £2.035 billion.
Figures show that adjusted pre-tax profit rose 19.5% to £161.4 million and UK like-for-like sales increased 0.3%.
B&M chairman, Sir Terry Leahy, said: "B&M has delivered another year of strong progress with the implementation of our strategy for growth and an excellent financial performance in terms of overall sales, profits and cash generation. Our expansion strategy is on track to deliver further growth during the year ahead in our chosen markets.”
Opening 79 UK stores in the year, the company have a total of 499 at the end of March, serving around 3.3 million customers on average each week and are also planning to open 50 net new stores in the UK and around 19 in Germany.
B&M chief executive, Simon Arora, said: “Whilst we are mindful that the general economic outlook is uncertain, and the market remains fiercely competitive, we have made a solid start to the new financial year. We believe our unique business model places us in a strong position and we look forward to the year ahead with confidence.”
