B&M European Value Retail posted group revenue of £2.85bn ($3.75bn) for the first half (H1) of FY27, up 3.6% following like-for-like (LfL) growth across all divisions.
Statutory profit before tax for the first half of FY27 ended 26 September 2026 rose 53.7% to £115m.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
For the period ended 26 September 2026, statutory profit before tax rose 53.7% to £115m.
Group adjusted profit before tax grew 16.6% to £121m, while group adjusted EBITDA increased 6% to £203m.
Statutory group operating profit rose 25.5% to £186m in H1 FY27. B&M UK revenue climbed 2.4% to £2.25bn, with LfL sales up 0.4%.
The Heron Foods sub division’s revenue reached £281m, up 3% from £273m in H1 FY26, aided by 2.9% LfL sales growth, including 3.1% in Q2.
B&M France generated £319m, up 13.7%, driven by store expansion and 5.9% LfL growth, including 6.5% in Q2.
Under phase 2 of its UK plan, the retailer is shifting from a single format to six store clusters.
In August 2026, it launched its “B&M 2.0” concept store in Wigan, UK, incorporating self-checkouts, wider aisles, and redesigned product flow.
During H1, net openings reached four from 11 gross, as nine French net openings were offset by two net closures at B&M UK, with one opening and three closures, and three net closures at Heron Foods.
As of 26 September 2026, B&M operated 797 B&M UK stores, 339 Heron Foods and B&M Express stores, and 156 B&M stores in France.
For FY27, B&M forecasts group adjusted EBITDA of £450m to £500m, against £459m in FY26, and group adjusted profit before tax of £280m to £330m, versus £284m in FY26, citing positive early Q3 trading across all operating units.
To fund re-lays and refits internally, FY27 UK rollout guidance was reduced to 15–20 gross openings from 25–35, ahead of returning to 25–35 in FY28.
France opening expectations were lifted to 15–20 stores from prior guidance of 15.
B&M CEO Tjeerd Jegen said: “With phase 1 of our strategic growth plan now starting to deliver, we are making progress with phase 2, where we see an opportunity to transform the customer experience of B&M and boost the productivity of our UK estate through new store formats.
“Sales data from early trials have been encouraging and we plan to increase investment in re-laying and refitting stores in H2, balancing this with a slower pace of UK store rollouts in FY27.”
