B&M Profit Warning Leads to Plunge

19 days ago

Louise Moon

"Indeed. Yeah, they plunged 22% when markets opened this morning. So, record drop to a record low adding to losses already this year. They're already down about almost 40% so far this year. And essentially, this is because of a profit warning this morning. So, analysts are saying what B&M are now forecasting for the year is significantly below guidance. So, far below what was previously expected."

The CEO of B&M has described the company's results as weak following a profit warning, resulting in a sharp 22% plunge and a cumulative drop of nearly 40% this year. The commentary highlighted operational issues like excessive product ranges, duplicated promotions, and poor shelf availability, with a turnaround plan expected to take 12 to 18 months focused on the UK market.