)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
B&M European Value Retail (BME) investor relations material
B&M European Value Retail H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary13 Nov, 2025
Executive summary
H1 performance was below expectations due to flat UK like-for-like sales, gross margin decline, and cost increases impacting profitability.
Group revenue grew 4.0% year-over-year to £2,749m, driven by new store openings and strong trading in France.
The "Back to B&M Basics" plan was launched to restore UK like-for-like growth, focusing on price, range, promotions, and availability.
Management team strengthened with new appointments, including a new CFO, Group Trading Director, and CEO.
Cash discipline and capital allocation support healthy free cash flow and return on capital employed.
Financial highlights
Adjusted EBITDA (pre-IFRS 16) declined 30.2% year-over-year to £191m, mainly due to UK margin pressures and cost inflation.
Group revenue: £2,749m (+4.0% YoY); B&M UK revenue: £2,196m (+3.5% YoY); B&M France: £280m (+13.4% YoY); Heron Foods: £273m (-0.9% YoY).
Adjusted operating profit dropped 31.5% to £177m; statutory profit before tax fell 55.6% to £75m.
Free cash flow was £51m despite £74m CapEx investment.
Leverage ratio (pre-IFRS 16) ended at 1.6x, above the 1.0–1.5x target range.
Outlook and guidance
FY26 Group adjusted EBITDA (pre-IFRS 16) guidance reiterated at £470m–£520m.
Full impact of "Back to B&M Basics" expected in 12–18 months, aiming to restore UK EBITDA margin to low double digits.
Early Q3 trading is within LFL sales guidance, albeit at the lower end.
Update on freight cost error review and redomicile
B&M UK LFL growth and margin recovery timeline
Heron Foods turnaround strategy and viability
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next B&M European Value Retail earnings date
H2 20263 Jun, 2026
Next B&M European Value Retail earnings date
H2 20263 Jun, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
B&M European Value Retail S.A. operates a chain of discount retail stores offering a wide range of products, including food, home goods, toys, and seasonal merchandise. The company serves value-oriented consumers through locations primarily in the United Kingdom and continental Europe. The company is headquartered in Luxembourg City, Luxembourg, and its shares are listed on the LSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage