Business
Q3 FY26 Trading Statement
B&M European Value Retail S.A. announced a Q3 FY26 trading update, reporting positive December like-for-like sales growth of 3 percent at B&M UK, with similar trends continuing into early January. However, the company is revising its full-year guidance downwards, now expecting FY26 Adjusted EBITDA to be in the range of £440 million to £475 million, compared to the previous £470 million to £520 million. This adjustment reflects deeper investments in pricing and stock clearance to improve future growth, as well as financial underperformance at Heron Foods. Group revenue for Q3 FY26 increased by 2.9 percent year-on-year to £1,737 million. Disclaimer*
About this update from B&m European Value Retail Plc
[{"type":"text","content":"\n\nB&M European Value Retail S.A.\nSociété Anonyme\nRegistered office: 3, rue Gabriel Lippmann, L-5365 Munsbach,\nGrand-Duchy of Luxembourg\nRCS Luxembourg B 187275\n \n (the \"Company\")\n \n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 (\"EU MAR\") AND ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM (THE \"UK\") BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\").\n \n \n\n22 January 2026\n \nQ3 FY26 Trading Statement\n \nPositive December sales\nLowering guidance on deeper investment in our future growth\n \n \nB&M European Value Retail S.A. (\"the Group\"), the UK's leading variety goods value retailer, today provides a trading update for the third quarter (\"Q3\") of its current financial year (\"FY26\"), relating to the 13 week period from 28 September 2025 to 27 December 2025.\n \nTjeerd Jegen, Chief Executive Officer, said:\n\n\"We entered our Golden Quarter sharper on price to reinforce our value proposition with our customers. Price investment has continued, particularly in FMCG, and while the full benefits will take time to come through, I am encouraged by the early signs of like-for-like (LFL) sales growth at B&M UK late in the quarter. This includes the strong sell through of our seasonal ranges, which contributed to 3 percent UK LFL growth in December, with similar LFL trends continuing in early January trading.\n\nAs we progress Back to B&M Basics, we are identifying opportunities to make deeper investments in clearing discontinued lines to support planned reductions in SKU count and to clean up stock as we restore on-shelf availability towards industry benchmarks. As with our pricing actions, these are investments in the long-term strength of B&M, but they do impact near-term financial performance. As a result, we are revising our full-year guidance downwards to reflect these actions and the financial underperformance at Heron. We now expect FY26 Adjusted EBITDA (pre-IFRS 16) to be in the range of £440m to £475m, compared with our previous guidance of £470m to £520m.\n\nThe reset we are driving through Back to B&M Basics is necessary to rebuild the long-term value of the business an...