financetom
Business
financetom
/
Business
/
UK discounter B&M expects full year profit at top end of guidance
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UK discounter B&M expects full year profit at top end of guidance
Apr 15, 2024 11:21 PM

LONDON (Reuters) - British discount chain B&M on Tuesday forecast full year profit at the top end of its guidance as it reported a 10.1% rise in revenue for the period that was partly driven by new store openings.

The FTSE 100 group, which sells everything from garden furniture to electrical items to toys and food, said it expected to report a year to March 30 2024 adjusted EBITDA of 629 million pounds ($782 million), versus guidance of 620-630 million pounds and 573 million pounds made in 2022/23.

($1 = 0.8042 pounds)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Influential appeals court signals interest in revisiting securities class certification test
Influential appeals court signals interest in revisiting securities class certification test
Sep 1, 2024
Aug 29 (Reuters) - The federal appellate court that oversees the lion's share of U.S. investor class actions signaled on Wednesday that it may not be done tinkering with its test for shareholders trying to band together to pursue fraud claims. The New York-based 2nd U.S. Circuit Court of Appeals issued an order calling for oral arguments on a petition...
Embraer's aircraft delivery delay seen 1 to 2 months, shorter than peers' times, CFO says
Embraer's aircraft delivery delay seen 1 to 2 months, shorter than peers' times, CFO says
Sep 1, 2024
SAO PAULO (Reuters) - Brazilian planemaker Embraer's ( ERJ ) average delay to deliver aircraft is around one to two months, the firm's chief financial officer said on Thursday, highlighting it as shorter than the delays larger peers face. The aviation industry has grappled with supply issues since the pandemic, forcing plane manufacturers to delay deliveries and constraining a capacity...
Sunk superyacht likely to cost insurers at least $150 million, experts say
Sunk superyacht likely to cost insurers at least $150 million, experts say
Sep 1, 2024
LONDON, Aug 29 (Reuters) - Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts. The British-flagged 56-metre-long (184-foot-long) yacht, which the experts estimated cost around $40 million, capsized and went down on Aug. 19...
Five Below Repositioning Likely to Affect Near-Term Performance, Oppenheimer Says
Five Below Repositioning Likely to Affect Near-Term Performance, Oppenheimer Says
Sep 1, 2024
03:26 PM EDT, 08/29/2024 (MT Newswires) -- Five Below's ( FIVE ) repositioning could take longer than expected, possibly leading to weaker performance in the near term, Oppenheimer said in a note Thursday. Five Below ( FIVE ) is slowing store expansion to 150-180 openings in 2025, down from 230, cutting its product range by up to 20%, and expects...
Copyright 2023-2026 - www.financetom.com All Rights Reserved