Company Earnings Update 3 minutesRegister for Free AccessB&M (LSE: BME) 1Q20 Trading Update: Store Expansion and Strong Comps Drive Sales Coresight Research July 25, 2019 Executive Summary B&M reported 1Q20 group sales of £967.7 million up 21.4% year over year as reported and on a constant-currency basis, and ahead of the consensus estimate of £934.5 million recorded by StreetAccount. The company grew its UK B&M banner revenues 13.8% year over year to £738.9 million. UK B&M comparable sales growth was 3.9%, beating the consensus estimate of 3.5%. B&M plans to open 50 new B&M UK banner stores and close five stores in fiscal 2020. It also expects to open between 15 and 20 Heron Foods stores, net, in the fiscal year. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: 4Q23 US Livestreaming Tracker: Trust and Quality Drive Purchase Decisions in Live-Video CommerceSecondhand Chic: US Fashion Resale Market Growth Driven by Vintage and Luxury Demand; Signs of ProfitabilityRetail Shrink and ORC: Losing Inventory, Losing Customers—US Consumers’ Response to Theft2023 US Tax Tracker #3: IRS Issues $199 Billion in Refunds, Average Refund Declines by 9%
