B&M European Value Retail plc (BME) Earnings Call Transcripts

B&M European Value Retail plc's Latest Earnings Call - June 3, 2026

B&M European Value Retail plc reported its preliminary results for the fiscal year 2026, highlighting a challenging year with adjusted EBITDA of GBP 459 million, in line with prior guidance but significantly lower than the previous year. Revenue grew by 3.6%, driven by store expansion, while like-for-like sales in the U.K. remained flat. Management signaled a cautious outlook for FY '27, focusing on cost control and margin recovery, particularly in the FMCG segment, while maintaining a strong cash flow position and leverage within target range.

Reported metrics

Guidance from management

Management maintained a cautious outlook for FY '27, focusing on cost control and margin recovery, particularly in the FMCG segment, while targeting further improvements in working capital management.

What management said

Good. Well, good morning, everyone, and welcome to this presentation of B&M European Value Retail's 2026 Financial Year Preliminary Results. My name is Andrew Orchard, Head of Investor Relations. And joining us today to present the results are Tjeerd Jegen, our Chief Executive Officer; and Pete Waterhouse, our Interim Chief Financial Officer. So we'll start as usual with some prepared remarks, and then we'll devote s...

Let's take a question online before returning to the room. So one here from Wayne Brown at Liberum. In fact, 2, I think for you, Tjeerd, both on the store estate. First, given the confidence why no upward step change to the rate of openings this year in the U.K. And also, any view on net closures in the year ahead? And specifically, what's the hurdle rate in terms of triggering a decision to close a store?

What analysts pressed on

Analysts expressed concerns regarding the impact of cost inflation on margins and the flat like-for-like sales in the U.K. They questioned management on the sustainability of cash flow and the effectiveness of the ongoing strategic initiatives.

Main topics on the call

• Revenue Growth — B&M reported a revenue growth of 3.6%, attributed to its store expansion program. Management noted, 'Our 3.6% revenue growth was driven by our new store opening program in the U.K.'
• Flat Like-for-Like Sales — Like-for-like sales in the U.K. were flat, contrasting with a prior year decline of 3.1%. Management stated, 'Like-for-like sales were flat. That's a significant step-up from the prior year result of negative 3.1%.
• Strong Performance in France — B&M France delivered a remarkable 13.4% sales growth, contributing an additional GBP 73 million to group revenue. Management expressed satisfaction with France's performance, stating, 'France continues to be positive in ...
• Cost Pressures and Margin Challenges — The company faced margin pressures due to cost inflation and trading margin impacts, leading to a decrease in profits. Management noted, 'It’s been a tough year in relation to profitability with margin cost line pressure...

Read the full B&M European Value Retail plc transcript (June 3, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 B&M European Value Retail plc earnings call transcripts on record, spanning January 10, 2020 to June 3, 2026. Based on this history, B&M European Value Retail plc reports semi-annually. The most recent call on file is dated June 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BME

Exchange

LSE

Country

GB

Sector

Consumer Discretionary

Industry

Broadline Retail

Calls on record

19

First call

January 10, 2020

Most recent

June 3, 2026

Reporting cadence

semi-annually