B&M European Value Retail S.A. (BME) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the BNM Q3 Trading Update conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising the hand is raised. To withdraw your question, please press star 1 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Alex Rosso, CEO. Please go ahead. Good morning, everyone. Thank you for joining us. What we'll do today, I'll hand it over briefly to Mike for two or three minutes to set out a quick summary, and then I will take it over in terms of some more color, and then we can go straight into Q&A. So, Mike, with you. Thank you, Alex. Good morning, everybody. So look, I'm going to take the statement as being read and add a couple of key headlines that I'd touch on. The first point is that we've had a very profitable golden quarter that provides the right underpin to our full year outturn that we're guiding to here. I think secondly, critically, momentum has continued to build within our business. That's been driven by volumes, and in particular, the good performance that we've seen of our seasonal ranges both in December, but also as we begin sale in January. Diving into some details, we've narrowed the profit outlook range to £620 million to £650 million. That, of course, compares to the £616 million that we delivered over 52 weeks last financial year. So today, we're trimming the top end of our outlook range slightly. Critically, though, We are seeing the building momentum in like-for-likes in December and early J...