B&M European Value Retail SA (LSE:BME)’s full-year results back in June were something of a headscratcher, with analysts querying the “curious” omission of forward-looking guidance and “elusive” volume data.
B&M’s lofty stated target of establishing “not less than 1,200 B&M stores” in the long term was also scrutinised.
As Shore Capital Markets’ retail analyst Clive Black put it, “hostage to fortune comes to mind, as competition, attrition and cannibalisation must build”.
Whether B&M’s management has taken note or not will be discovered when the FTSE 100-listed company posts its first-half results on Thursday, 14 November.
Investors will be eager for some optimistic numbers, given that shares are currently down more than 30% year to date.