B&M (LSE: BME) FY19 Results: Surge in Profits, Strong Pace of Store Expansion to Continue

Executive Summary

• B&M reported FY19 total sales of £3.49 billion up 15.1% year over year and ahead of the consensus estimate of £3.44 billion recorded by StreetAccount.
• The company reported diluted EPS of 20.5 pence, up 10.2% year over year, roughly in line with the consensus.
• For fiscal 2020, B&M has planned to open 50 new B&M banner stores, up from its earlier forecast of 45 stores.