)
Visual24 Oct 2025
The rise of Alphabet
B&M European Value Retail (BME) investor relations material
B&M European Value Retail H1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 TU earnings summary7 Oct, 2025
Executive summary
Group revenue grew 4.0% year-over-year to £2,749m in H1 FY26, driven by UK and France, with new store openings contributing to growth.
Operational execution issues impacted UK performance, prompting a CEO-led review and launch of the 'Back to B&M Basics' plan to restore like-for-like growth.
The plan targets improvements in price, promotions, range, and availability, aiming for sustainable UK LFL growth.
Immediate actions include repricing, benchmarking, SKU reduction, and replenishment process improvements.
CEO transition and operational review in June 2025 set the stage for strategic changes.
Financial highlights
Group adjusted EBITDA (pre-IFRS 16) for H1 FY26 expected at approximately £198m, down from £274m in H1 FY25, reflecting cost headwinds and margin pressure.
H1 revenue: B&M UK £2,196m (+3.5%), France £280m (+13.4%), Heron Foods £273m (-0.9%).
New Extended Producer Responsibility tax cost £14m in H1; wage cost inflation added £30m.
Full-year group adjusted EBITDA guidance set at £510m–£560m, with UK LFL sales as the main variable.
Gross margin in B&M UK pressured by ASP deflation and lower product margins, with some recovery in Q2.
Outlook and guidance
H2 UK like-for-like sales expected to range from low single-digit decline to low single-digit growth.
Full impact of operational changes expected in 12–18 months, aiming for sustainable LFL growth and stable profit margins at least at FY26 levels.
Leverage ratio expected slightly above 1.0–1.5x target at year-end due to lower earnings and seasonal working capital peaks.
When will 'Back to B&M Basics' materially impact EBITDA?
What drives B&M France's strong LFL growth?
Detail capital return plans post-redomicile.
Why the lower long-term EBITDA margin target?
How will customers perceive Back to Basics changes?
What is the sales impact of SKU reduction?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next B&M European Value Retail earnings date
H1 202613 Nov, 2025
Next B&M European Value Retail earnings date
H1 202613 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, 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