B&M expects bigger profits but flags uncertainty over lifting of lockdown
It will be difficult to predict trading patterns once restrictions are lifted
Company
B&M European Value Retail SA
LON:BME
B&M offers a broad range of quality products and key brands at low prices. By continually exciting our customers with fantastic value, enhanced by good retail standards, we provide a fun shopping experience which prompts customers to return again and again to a B&M store.
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B&M to pay yet another special dividend, narrows earnings guidance
Full-year adjusted underlying earnings are expected to be £540-570mln after the company volunteered to pay £80mln in business rates
B&M could pay out more special dividends in the future, says Liberum as it resumes stock coverage at buy
The broker said the discount retailer's acceleration in sales over the pandemic has boosted its cash flow and as result they expected B&M to generate over £1bn in cash over the next three years
B&M European Value Retail dishes out special dividend after profits rocket
The firm raised the interim dividend by 59% to 4.3p per share while the special payout will be 25p per share
B&M European Value Retail raises profit forecast again as lockdown surge continues
UK stores saw like-for-like sales grow by 19% in the second quarter
FTSE 100 welcomes discounter B&M to cap founder brothers' 25-year journey
The quarterly FTSE reshuffle also sees ITV depart the blue chip index, while there were several changes to the mid-cap index
B&M European raises earnings forecasts following strong performance
Earnings are expected to be £250-270mln for the six months to September 26, against analyst forecast of £208mln
B&M plans new stores as quarterly sales climb
In the quarter to June 27 group revenue jumped 28% to £1.1bn
B&M ups dividend as strong trading continues through coronavirus lockdown
Sales have boomed but social distancing measures have increased operating costs
B&M a ‘buy’ again for Liberum on strong performance during pandemic
According to the broker, the discount retailer is well placed to benefit from current consumer behaviour
B&M sales boom as lockdown boosts gardening and DIY
Sales jumped in the eight weeks to 23 May while some shops were open in lockdown
B&M downgraded to ‘hold’ by ShoreCap over coronavirus uncertainty
"We struggle to see how the B&M share can outperform the retail equity market, with the risks on the downside"
B&M European Value weak as JPMorgan Cazenove cuts to ‘neutral’; thinks earnings at risk due to slowing momentum
The US bank also cut its target price for the FTSE 250-listed stock by 10% to 360p from 400p
B&M’s results show resilience against a tough backdrop, analysts say
“We see this as a solid overall performance in what is proving to be a tough Christmas period across retail,” analysts at Liberum said
B&M growth slows over Christmas as it holds off from further discounting
Group revenue rose 9.3%, with UK stores up 8.8% including like-for-like sales up 0.3% in the 13 weeks 28 December
B&M shares slide to a discount as German business tanks
The future of its German business, Jawoll, is under review after its weak performance caused the retailer's overall profits to decline 71%
B&M sales soar following another record Easter
The discount retailer took record sales over the Easter weekend for the third year in a row
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FTSE 100 closes lower Friday after lacklustre week
The FTSE 250 went the other way and gained over 87 points on Friday
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Gym Group set to flex its muscles again with strong trading update
Analysts at Liberum expect Gym Group to benefit from the rising popularity of low-cost gyms as more consumers tighten the purse strings and make healthier choices
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Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm