B&M European Value Retail S.A. (BMRRY) Q4 2025 Earnings Call Transcript

2025-06-04 10:03:54 ET

B&M European Value Retail S.A. (BMRRY)

Q4 2025 Earnings Conference Call

June 4, 2025, 4:30 AM ET

Company Participants

Dave McCarthy - Head of Investor Relations

Gareth Bilton - Trading Director

James Kew - Retail Director

Jon Parry - UK Supply Chain Director

Mike Schmidt - Interim CEO, CFO & Executive Director

Conference Call Participants

Bruce Hubbard - Unidentified Company

Lancaster - Unidentified Company

Fintan Ryan - Goodbody Stockbrokers UC, Research Division

Izabel G. Dobreva - Morgan Stanley, Research Division

James Robert Anstead - Barclays Bank PLC, Research Division

Jonathan Pritchard - Peel Hunt LLP, Research Division

Richard B. Chamberlain - RBC Capital Markets, Research Division

Vandita Sood Chowdhary - Citigroup Inc., Research Division

Presentation

Mike Schmidt

Good morning, everybody. I hope you're all well. Welcome to B&M's full year results presentation for 2025. Today, we're covering our performance through the 52 weeks ending March. 29. I'm Mike Schmidt, the Group CFO, and I'll be leading the presentation today. Joining me, 3 familiar faces: Gareth Bilton, our -- sorry, our Buying Director, almost got that wrong. Moved on. Jon Parry, our Supply Chain Director; and James Kew, our Retail Director.

Today's presentation clearly is all about the results for 2025. There's clearly been challenges that we faced, but we're addressing those in the short term, and we'll talk about that. And ultimately, the presentation today is also about the resilient performance that we've delivered for the full year and how our investment case for the business continues to be attractive.

I should say upfront that we're also looking forward to Tjeerd Jegen joining as CEO in just a couple of weeks' time. And I know that he's very much looking forward to meeting all of you as well once he's had a chance to work through his induction.

I should also mention upfront that as you may remember, 2024 was a 53-week financial year. As we go through the presentation for 2025's outturn, you will see, to help you assess the underlying progress that we've made, we show a 52-week prior year comparison where that's the most appropriate thing to do....

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