Discount retailer celebrates £2bn revenue
REVENUE for discount retailer B&M has topped £2bn – up 23.6% on last year’s figure of £1.6bn.
The Liverpool-based company’s preliminary results for the year ended March 26 saw adjusted group EBITDA increase 16.2% to £202.5m (2015: £174.2m).
Highlights include a record number of 79 UK store opening (74 net new stores), taking its total number of outlets to 499 by the end of March. A pipeline of 50 new stores is on the way in the next financial year.
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