UK discount retailer B&M has posted group revenue growth of 2% year-on-year for the 13 weeks to 27 June 2026, its first quarter (Q1) of FY27.
Group revenue for the quarter stood at £1.43bn ($1.93bn), with a 14.6% revenue rise at B&M France to £156m, driven by like-for-like (LFL) sales growth of 5.3% and new store openings, offsetting weaker trading in the UK.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
B&M UK revenue edged up 0.3% to £1.13bn, although LFL sales in the division fell 2.3%.
The company attributed this to a slower start to garden and outdoor sales relative to the same period last year, when unseasonably warm and dry conditions in April 2025 had driven LFL growth of 10.9%.
General merchandise LFL sales returned to growth in May and June, the company said, which helped offset a LFL sales decline in fast-moving consumer goods (FMCG).
B&M said continued discipline around inventory and effective clearance activity had left stock at normal seasonal levels as it moves past the garden season, consistent with its expectations.
UK FMCG trading margin remained below the prior year’s level during the quarter as the company continued investing in price amid a competitive FMCG market.
UK general merchandise trading margin, by contrast, was ahead of the prior year, with the company saying it expects this improvement to continue as this year’s seasonal ranges are introduced.
The company said this was driven by both the LFL sales acceleration and new store openings, with strong retail execution, effective merchandising and the appeal of its customer offer continuing to support footfall growth.
B&M company Heron Foods reported a 2.8% revenue growth to £142m, with LFL sales up 2.6%.
The company said the LFL sales recovery followed strong Easter trading, along with positive contributions from clearance activity and encouraging results from ongoing range reviews.
B&M CEO Tjeerd Jegen said: “Our first quarter is our seasonally most variable for sales, and the previously mentioned slower start to our garden season against a very strong comparable last year made this especially so in Q1.
“France performed strongly, showing how consistent execution of the B&M model can drive higher footfall and positive sales in a competitive retail market.”
Separately, B&M announced in June the appointment of Atheeq Akbar as chief financial officer and executive director, effective February 2027.
