StockMarketWire.com - Goods value retailer B&M reported a slight uptick in UK like-for-like sales as a slower performance than anticipated in the run up to Christmas kept a lid on growth.

For the 13 week period from 29 September to 28 December, revenue grew 9.3% at constant currency, with its UK stores delivering growth of 8.8%, including like-for-like growth of 0.3%

The roughly flat like-for-like growth was blamed on the backdrop of a challenging broader retail market and the company's decision not to engage in any early discounting activity.

The retailer reported that 15 gross new B&M UK stores were opened in the quarter, 12 net of relocations.




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