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B&M Shares Jump 15% After Revenue Beats Forecasts

Wall Street Journal US Business •
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Shares in B&M European Value Retail surged 15% in early European trading on Wednesday, becoming the top performer on the Stoxx Europe 600 index. The London-listed convenience retailer exceeded revenue expectations, reporting full-year results that beat analyst forecasts and drove strong investor confidence in the company's growth trajectory.

Revenue climbed 3.6% to £5.775 billion ($7.78 billion), narrowly surpassing the FactSet consensus of £5.77 billion. This modest beat demonstrates the company's ability to generate steady top-line growth in a competitive retail environment, with investors rewarding the consistent performance.

Growth came from both B&M business segments, with total value and volume increases driving the positive results. However, the company noted a 0.3% revenue decline at Heron Foods, its discount grocery chain, which partially offset the overall gains across the retail portfolio.

The share price rally reflects investor optimism about B&M's value-focused retail model amid ongoing economic pressures. The 15% gain signals strong market confidence in the company's ability to navigate retail challenges while expanding its presence across convenience and discount grocery markets.