Shares in discount retailer B&M fell 10% on Tuesday after its UK like-for-like revenue growth for the first quarter came in below expectations, despite marking its first such rise in over a year.
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The company reported a 4.4% increase in overall Q1 revenue to £1.41 billion. While favourable weather conditions and an early Easter contributed to a temporary boost—particularly in garden and outdoor categories—analysts flagged underwhelming UK growth. Jefferies noted that like-for-like sales in the core market "missed consensus", raising concerns about sustained domestic performance.
The share price drop took B&M to its lowest level since April 2020, highlighting investor unease despite the headline revenue rise. The results cover the three months to June 2025, the first quarter of B&M's financial year ending March 2026.
The company has faced mounting pressure in the UK market amid cost-of-living concerns and intense competition in the discount retail space.
Source: www.reuters.com
