Full year sales for B&M increased by over 10% to £5.5 billion in the 53 weeks to 30 March, 2024.
Like-for-like sales in Q4 also rose by 2.9%, driven by strong volume performance across FMCG and general merchandise. For the full year, the like-for-like sales increase was 3.7%.
During the year, B&M opened 47 new stores and the group said the stores are trading well, including the Wilko stores it acquired, which are performing ahead of expectations.
B&M is expecting its full year group adjusted EBITDA to be at the top end of guidance at £639 million, which would be an increase of 9.8% year-on-year.
Alex Russo, chief executive, said: “The group has performed well in the year delivering strong operational execution. We serve our customers through a relentless focus on everyday low prices (EDLP), great product ranges and excellence in operational standards. This delivers profitable, cash generating growth for our shareholders.
“The business and team are well set up for the year ahead, our pipeline remains on track to open not less than 45 UK B&M stores in each of the next two financial years and our French and Heron businesses continue to demonstrate significant profitable growth potential.”
