For the 13 weeks to December 25, value retailer B&M reported a 14% increase in sales on a two-year basis compared with pre-pandemic, despite revenues from stores for the period being down 2.5% on a year-on-year basis. 

Group revenue growth for the period was 0.1% compared with 2020, but B&M upped its full-year EBITDA expectations to between £605m and £625m – well ahead of the current analysts’ consensus of £578m.