Company Earnings UpdateB&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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: CPG Giants Realign Through Over $100 Billion in M&A, Demergers and DivestmentsChinese New Year 2025 Review: From Shopping to Screens—How Younger Consumers Boosted Spring Festival SpendingUS Store Tracker Extra, February 2025: Bankruptcies Push Total Closed Retail Space Toward 85 Million Square FeetAnalyst Corner: The Shifting “Friction Gap” Between Stores and E-Commerce Is Benefitting Digital Channels, with John Mercer
