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B&M European Value Retail (LSE: BME) 1H17 RESULTS: IN-LINE AT THE TOP LINE, BUT UK COMPS WEAK

Executive Summary

  • UK-based mixed-goods discount retailer B&M European Value Retail posted an 18.9% year-over-year increase in revenues in 1H17. Revenues of £1,106 million were in line with the consensus estimate.`fgv
  • The top line was driven by new store openings. UK comparable sales nudged up 0.2%.
  • Diluted EPS of 5.8 pence was slightly ahead of consensus of 5.6 pence.

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