Company summary
B&M is a value retailer selling groceries, household goods, DIY, toys, seasonal products and general merchandise. The group operates B&M stores in the UK and France alongside the Heron Foods convenience chain.
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BME
B&M
Retailers
- Index
- FTSE 250
- ISIN
- Not specified
- Book status
- 2026 edition — current
Key activities
Sourcing and retailing low-priced branded and own-label consumer goods, operating large-format discount stores, opening new stores, managing international sourcing and running the Heron Foods convenience business.
Key markets
The UK is by far the largest market, supported by B&M France and Heron Foods. Customers are value-conscious consumers seeking low prices on everyday and discretionary products.
Key drivers
Like-for-like sales, customer footfall, value perception, product availability, new-store openings, buying and sourcing discipline, inventory management, wage and energy costs and execution of the turnaround programme.
Key risks
Intense discount-retail competition, weak consumer demand, poor merchandising or inventory decisions, wage and energy inflation, freight and currency movements, rapid store expansion and failure to restore UK like-for-like growth.
Recent Developments
3 June 2026: FY2026 revenue rose 3.6% to £5.78bn but adjusted EBITDA fell 25.9% to £459m after a difficult year. Management said its 'Back to B&M Basics' turnaround was progressing, with FY2027 remaining an investment year.
Dividend notes
Targets an ordinary payout ratio of 40-50% of adjusted after-tax earnings. FY2026 ordinary dividends totalled 9.6p. The 6.1p final dividend went ex-dividend on 11 June 2026 and was paid on 31 July.
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