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.

Two new distribution centres ... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...