BMRPF - B&M European Value Retail: Revenue Growth And Strong Results Make This Good Value

2024-06-18 08:58:11 ET

Summary

• B&M’s expansion continues to gain market share with 10% YoY growth.
• B&M reported strong growth in the UK and France, with plans to open 45 new stores in the UK in 2025.
• Discount retail competition is robust. However, scales of economies and proactive cost control mean B&M are set to outperform.
• B&M's expansion into France is progressing well, with a focus on smaller store formats to increase sales density and reduce operating costs.

Thesis

B&M ( OTCPK:BMRRY ) recently provided a trading update laying out expansion plans for the UK and France. In the 2024 financial year, 47 locations were opened in the UK and 11 new openings in France over the previous 12 months. And looking forward, the target openings are to remain in line for the 2025 financial year....

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