B&M share price hits new high after sales momentum continues

The share price of B&M European Value Retail reached a new all-time high after the value retailer revealed group revenue growth of 25.3% for the first half of the year.

Within B&M UK specifically, the business also saw good sales momentum continue into the second quarter with 19.1% like-for-like growth.

Following the update, shares in B&M set a new-all time high price of over 503p.

Commenting on the first half performance was Chief Executive Simon Arora who added:

Our Group has performed well in the first half. Our business model is proving well-attuned to the evolving needs of customers, given our combination of everyday value across a broad range of product categories being sold at convenient out-of-town locations.

B&M’s interim results are due to be announced on 12 November.

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