Business
B&M European Value Retail Shares Surge on Strong Q4 Sales and Upgraded Guidance
📅 June 03, 2026 04:00 ET
⏱ 2 min
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GazetaDay Editorial
Shares of B&M European Value Retail climbed sharply in morning trading on June 3, 2026, after the discount retailer reported robust fourth-quarter sales and raised its full-year profit outlook.
Quarterly Performance and Guidance
The company posted a 5.2% rise in group revenues for the 13 weeks to March 28, 2026, driven by strong demand across its core UK grocery and general merchandise segments. Like-for-like sales increased 3.4% in the period. B&M now expects adjusted earnings before interest, taxes, depreciation, and amortization for the full fiscal year 2026 to be between £620 million and £630 million, up from its previous guidance of £600 million to £620 million.
Regional Breakdown
In the UK, B&M’s revenue grew 4.8% year-on-year, supported by new store openings and resilient consumer spending on value items. Its French operations saw a 2.1% revenue decline in local currency terms, but the company noted improving trends as it refines its product mix. The Heron Foods chain recorded a 6.7% sales uplift, outperforming the group average.
Stock Reaction and Outlook
Shares were up more than 8% in early London trading, reaching 542 pence, their highest level in six months. Chief Executive Alex Russo attributed the results to “disciplined execution and a compelling value proposition for budget-conscious shoppers.” The company reiterated plans to open 45 new UK stores and 10 French outlets in the current financial year.
Market Context
As of June 3, 2026, the US dollar traded at 72.56 Russian rubles (up 1.01), while the euro stood at 84.61 rubles (down 1.64). Bitcoin fell 4.1% over the past 24 hours to $67,157. Brent crude oil was estimated at approximately $72 per barrel.
B&MEuropean Value Retailstock surgeQ4 earningsretail sectorFTSE 100value retail