B&M reports 16.1% [adj.] EBITDA growth as shoppers return to stores
B&M, LON:BME, Share, B&M Store
Leading variety retailer, B&M, has reported a strong set of results for the 26 weeks ended 26th September 2021, with EBITDA (adj.) increasing by 16.1% to £287.5m (2020: £247.8m).
Group revenue increased by 12.8% to £2.1bn (2020: £1.8bn), with like-for-like sales growth of 11.9%. The company said that the strong performance was driven by the return of shoppers to stores, following the easing of COVID-19 restrictions.
B&M said that it expects the strong trading environment to continue in the second half of the year. The company said that it is well-positioned to meet the challenges of the peak trading period and is confident of delivering a strong performance in the full year.
B&M shares are currently trading at 448.60p, up 0.56% on the day.
### Additional Information - B&M is a leading variety retailer with over 600 stores in the UK and France. - The company sells a wide range of products, including groceries, homeware, and clothing. - B&M has been listed on the London Stock Exchange since 2014. - The company has a market capitalisation of £5.3bn. ### Sources - [B&M reports 16.1% [adj.] EBITDA growth as shoppers return to stores](https://www.londonstockexchange.com/news-article/BME/interim-results/15352548) - [B&M share price (LON:BME)](https://www.londonstockexchange.com/stock/BME/b-and-m-european-value-retail/share-price)