Strong Q3 FY23 Trading
HIGHLIGHTS
· Group revenue growth in the quarter of 12.3% year-on-year ("YoY") to
· Total B&M
· Very good performance across all B&M
· Stock disciplines remained robust and allowed stock reduction of circa
· Trading momentum in B&M France has continued through Q3, with revenue up 24.9% YoY
· Trading momentum in
· B&M's sourcing model and its flexibility provides a strong point of differentiation. The supply chains across the three businesses executed well in the quarter
·
· Consistent with our capital allocation framework, the Board intends to declare a special dividend of 20.0p per Ordinary Share to be paid on
"Our strong momentum throughout the
This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.
Q3 FY23 | Q3 FY22 | YTD Q3 FY23 | YTD Q3 FY22 | |
B&M | ||||
B&M France | | |||
Change in total group revenues at constant currency1 | 12.3% | 0.1% | 5.8% | 0.9% |
B&M | 6.4% | (6.2)% | 0.1% | (5.5)% |
Q3 FY23 | Q3 FY22 | |
Total number of stores B&M B&M France | 1,133 705 113 315 | 1,110 693 107 310 |
1. Constant currency comparison involves restating the prior year Euro revenues using the same exchange rate as that used to translate the current year Euro revenues.
2. References in this announcement to the B&M business include the B&M fascia stores in the
3. One-year like-for-like revenues relate to the B&M
4. The Directors consider adjusted figures to be more reflective of the underlying business performance of the Group and believe that this measure provides additional useful information for investors on the Group's performance. Adjusting figures exclude the impact of IFRS 16, both to maintain comparability with prior periods and as management consider that the pre-IFRS 16 measure of rental costs is key to the operational management of the business.
5. The consensus estimate for
6. The dividend declaration is subject to completion of Luxembourg regulatory procedures and will be subject to a deduction of Luxembourg withholding tax of 15%.
7. B&M
Conference call
There will be a conference call for investors and analysts to discuss this Trading Update on Thursday
You can register for the call using the following link:
https://register.vevent.com/register/BI5aa4bfe42ddc4f08a269cb0dc5874b8d
Enquiries
For further information please contact +44 (0) 151 728 5400 ext. 6363
Investor.relations@bandmretail.com
Media
For media please contact +44 (0) 207 379 5151
bmstores-maitland@maitland.co.uk
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