B&M European Value Retail S.A. (BME) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to BNM European Retail's Q3 2026 trading update call. To ask a question during the session, you need to press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To answer your question, please press star 1 1 again. I will now hand over to management to introduce the call. Please go ahead. Good morning, everyone, and thanks very much for joining this call to discuss our third quarter FY26 trading statement, which we released earlier this morning. My name is Gia Jay from CEL, and I'm in the room here with Helen Cowling, our interim CFO, and Andrew Orchard, our head of investor relations. And on the back of this trading update and the guidance change that we communicated today, we wanted to hold this call to give you some context and also opportunity for questions. So before we go into questions, I would like to start with some prepared remarks. And I would like to start with some backgrounds. On the date of the announcement, so we would normally announce October 3 numbers a bit earlier. This time was a bit later because we want to take sufficient time to both prepare our trading results properly and diligently, but also spend sufficient time to undertake a thorough evaluation of the outlook for our business. I would like to cover four elements today. First of all, I would like to give some color to our third quarter results. I would like to take you through our thinking of guidance for FY26, progress made, which I think is the most important part of today with the back to B&M basics, and then updates on the review of the freight issue and the review that was done by EY, which has report has been finalized and we're getting on with the implementations of their recommendations. So starting with the t...