×
1 054
Fashion Jobs
BLACK PR
Sales Account Manager
Permanent · LONDON BOROUGH OF HACKNEY
ESTÉE LAUDER
Clinique - Consultant - Boots, Inverness - 18 Hours - Part Time, Permanent
Permanent · Inverness
RELY RECRUITMENT
Head of Finance / Finance Manager
Permanent · LONDON
LEVI'S
Performance Marketing Manager
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Bentalls, Kingston - 22.5 Hours / 4 Days - Part Time, Permanent
Permanent · Kingston upon Thames
SHISEIDO
Ecommerce Manager - Nars, Shiseido & Drunk Elephant
Permanent · London
VANS
Account Coordinator - Dutch Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
The Estée Lauder Companies - CRM And Loyalty Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Bluewater - 25.5 Hours - Part Time, Permanent
Permanent · Dartford
ESTÉE LAUDER
Clinique - Consultant - Boots - Metro, Gateshead - 21 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Director, Global Social Marketing
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - John Lewis, Milton Keynes - 37.5 Hours, Days - Full Time, Permanent
Permanent · Milton Keynes
SHISEIDO
Nars Account Manager, Fenwick Bond Street (37.5 Hours)
Permanent · London
LIBERTY LTD
Sales Manager
Permanent · LONDON
LIBERTY LTD
Retail Security Officer
Permanent · LONDON
VF INTERNATIONAL
Inbound Logistics Analyst - 12 Month Ftc
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Trainer
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots, White City London - 35 Hours - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Harvey Nichols, Birmingham - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Regulatory Scientist - Global Ingredients Compliance
Permanent · Petersfield
SHISEIDO
Finance Analyst
Permanent · London
Published
Jun 3, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Pandemic boost sends B&M profits soaring

Published
Jun 3, 2021

B&M, the discount retailer that sells a wide range of merchandise, including clothing and beauty, unveiled an 83% leap in its core earrings on Thursday. The rise came after its stores were able to stay open during lockdowns due to its food operations.


B&M



Its revenue rose 26% to £4.8 billion in the year to the end of March and it said the final month of that year saw its strongest-ever sales.

But the company also said that business remains volatile after rival non-essential stores have been able to reopen and it expects this to continue.

The company hasn’t issued any predictions for sales and earnings but did say that its margin — which had been higher in the pandemic — is likely to fall back to more ‘normal’ levels.

Looking at its figures in detail, revenues at its UK B&M chain rose 29.9% and on a like-for-like basis they were up 23.8%. Growth accelerated in the second half. 

As mentioned group adjusted EBITDA (pre-IFRS16) increased by 83% to £626.4 million. And group statutory profit before tax rose as much as 108.5% to £525.4 million.

Its French Babou chain delivered adjusted EBITDA of £11.1 million, up from a loss of £3 million in the previous year, despite the disruption caused by 10 weeks of lockdown restrictions. FY21 ended with a total French estate of 104 stores, of which 73 now trade as B&M.

Copyright © 2022 FashionNetwork.com All rights reserved.