15 July 2025

Positive quarterly LFL trading performance

B&M European Value Retail S.A. ("the Group"), the UK's leading variety goods discount retailer, today provides a trading update for the first quarter ("Q1") of its current financial year ("FY26"), relating to the 13 week period from 30 March 2025 to 28 June 2025.

Highlights

Tjeerd Jegen, Chief Executive, said:

"My early days spent listening to and learning from our passionate colleagues and customers have underlined for me the strength of our value-focused model, which is more crucial than ever in the current challenging economic climate. While B&M UK's like-for-like sales are growing, I see a significant opportunity and requirement to sharpen our commercial and operational execution as we move towards and beyond the Golden Quarter. Looking ahead, my focus is on building on our strong foundations, leveraging our market position, and continuing to deliver exceptional value for our customers."

Notes:

1.     References in this announcement to the B&M business include the B&M fascia stores in the UK except for the 'B&M Express' fascia stores. References in this announcement to the Heron Foods business include both the Heron Foods fascia and B&M Express fascia convenience stores in the UK.

2.     Constant currency comparison involves restating the prior year Euro revenues using the same exchange rate as that used to translate the current year Euro revenues.

3.     One-year LFL revenues relate to the B&M UK estate only (excluding wholesale revenues) and are based on 13 weeks vs. 13 weeks comparison periods. They include each store's revenue for that part of the current period that falls at least 14 months after it opened compared with its revenue for the corresponding part of FY24. This 14-month approach has been adopted as it excludes the two-month halo period which new stores experience following opening.

Conference call

The Company will stream a video webcast today at 9:00 AM (BST) on our website. This event will feature a fireside chat hosted by Dave McCarthy with our new CEO, Tjeerd Jegen. Please register for the webcast using the below link:

https://edge.media-server.com/mmc/p/qx5d964e

Enquiries

For further information please contact: +44 (0) 151 728 5400 Ext. 6363

Tjeerd Jegen, Chief Executive Officer

Mike Schmidt, Chief Financial Officer  

Dave McCarthy, Head of Investor Relations

Investor.relations@bandmretail.com

Media

For media please contact:

Sam Cartwright, H-advisors, sam.cartwright@h-advisors.global +44 (0) 7827 254 561      

Jonathan Cook, H-advisors, jonathan.cook@h-advisors.global +44 (0) 7730 777 865

Disclaimer

This announcement contains statements which are or may be deemed to be 'forward-looking statements'. Forward-looking statements involve risks and uncertainties because they relate to events and depend on events or circumstances that may or may not occur in the future. All forward-looking statements in this announcement reflect the Company's present view with respect to future events as at the date of this announcement. Forward-looking statements are not guarantees of future performance and actual results in future periods may and often do differ materially from those expressed in forward-looking statements. Except where required by law or the Listing Rules of the UK Listing Authority, the Company undertakes no obligation to release publicly the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect any events or circumstances arising after the date of this announcement.

About B&M European Value Retail S.A.

B&M European Value Retail S.A. is a variety retailer with 787 stores in the UK operating under the "B&M" brand, 344 stores under the "Heron Foods" and "B&M Express" brands, and 139 stores in France also operating under the "B&M" brand as at 28 June 2025. It is a constituent of the FTSE 250 index.

For more information, please visit www.bandmretail.com