Positive trading and expansion plans drive growth for B&M European Value Retail

  • B&M European Value Retail backs guidance for fiscal 2024
  • Positive trading in the third quarter
  • Plans to open more stores in the U.K.
  • Expects adjusted earnings before interest, taxes, depreciation and amortization to be between £620m and £630m
  • Revenue for the golden quarter was £1.645bn
  • Declares a special dividend of 20.0 pence a share
  • Increases target number for store openings in the U.K. to 45 from 35
  • Focuses on volumes to combat inflationary pressures on costs
  • Expected to trade positively in fiscal 2025

B&M European Value Retail has reaffirmed its guidance for fiscal 2024, citing positive trading in the third quarter. The company expects adjusted earnings before interest, taxes, depreciation and amortization to be between £620m and £630m, surpassing the previous year’s levels. Revenue for the golden quarter, which includes the Christmas trading period, reached £1.645bn, an increase from the same period last year. B&M also announced a special dividend of 20.0 pence a share, matching the amount declared a year ago. In addition, the company plans to open 45 new stores in the U.K., up from the previous target of 35. Despite inflationary pressures on costs, B&M remains focused on volumes and expects to trade positively in fiscal 2025.

Public Companies: B&M European Value Retail (BME)
Private Companies:
Key People: Alex Russo (Chief Executive)

Track all markets on TradingView

Factuality Level: 8
Justification: The article provides specific information about B&M European Value Retail’s guidance for fiscal 2024, its positive trading in the third quarter, the special dividend declaration, and its plan to open more stores in the UK. The article also includes revenue figures for the three months to Dec. 23 and compares them to the same period last year. The CEO’s statement about the company’s store pipeline and focus on volumes is also mentioned. Overall, the article provides factual information without any obvious bias or misleading elements.

Noise Level: 7
Justification: The article provides information on B&M European Value Retail’s guidance for fiscal 2024, positive trading in the third quarter, and plans to open more stores in the UK. It also mentions the special dividend and revenue for the three months to Dec. 23. However, the article lacks in-depth analysis, scientific rigor, and evidence to support its claims. It also does not explore the consequences of B&M’s decisions on those who bear the risks or provide actionable insights or solutions.

Financial Relevance: Yes
Financial Markets Impacted: B&M European Value Retail

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the financial performance and guidance of B&M European Value Retail, a convenience retailer. There is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com