B&M profits and revenue increase
B&M European Value Retail reported a group revenue of £2.85bn for the first half of FY27, up 3.6% from the previous year. This increase was driven by like-for-like sales increases across all divisions.
The company’s pre-tax profit surged by 53.7% to £115 million for the six months ending 26 September 2026. Adjusted pre-tax profit for the group increased by 16.6% to £121 million, while adjusted EBITDA grew by 6% to £203 million.
B&M UK revenue climbed 2.4% to £2.25bn, with like-for-like sales up 0.4%. The Heron Foods sub-division’s revenue reached £281m, up 3% from £273m in H1 FY26, aided by 2.9% like-for-like sales growth.
B&M France generated £319m, up 13.7%, driven by store expansion and 5.9% like-for-like growth. They are shifting from a single format to six store clusters under phase 2 of their UK plan.
In August 2026, B&M launched its “B&M 2.0” concept store in Wigan, UK, incorporating self-checkouts, wider aisles, and redesigned product flow. As of 26 September 2026, B&M operated 797 B&M UK stores, 339 Heron Foods and B&M Express stores, and 156 B&M stores in France.
For FY27, B&M forecasts group adjusted EBITDA of £450m to £500m and group adjusted profit before tax of £280m to £330m. The company reduced its UK rollout guidance to 15-20 gross openings from 25-35, ahead of returning to 25-35 in FY28.
B&M CEO Tjeerd Jegen said: “With phase 1 of our strategic growth plan now starting to deliver, we are making progress with phase 2, where we see an opportunity to transform the customer experience of B&M and boost the productivity of our UK estate through new store formats.”
As B&M continues to expand and refine its operations, the company’s focus on transforming the customer experience and increasing productivity is likely to have a significant impact on its long-term success. By investing in re-laying and refitting stores, B&M aims to create a more efficient and appealing shopping environment for its customers.
Net openings reached four from 11 gross, as nine French net openings were offset by two net closures at B&M UK, with one opening and three closures, and three net closures at Heron Foods. B&M’s store expansion and redesign efforts are expected to continue, with the company aiming to increase investment in re-laying and refitting stores in H2.
