B&M European Value Retail, the group behind discount retailers B&M and Jawoll, has reported “record” trading for the three months leading up to Christmas.
Total group revenues for the quarter were £789.1m, up by 21.8% on the previous year. The figure brings the total group revenues for the year to 24 December to £1.9bn.
The figures for the quarter include a 7.2% rise in UK like-for-like revenues.
Chief executive Simon Arora said the results demonstrated the strength of the business’s model at “a time of uncertainty” for consumers and “continuing structural change” in the retailing sector.
At the end of the quarter to 24 December, the UK business of the group was trading from a total of 533 stores, having opened 14 stores in the past 13 weeks and a net 34 in total during the financial year to date.
In Germany, Jawoll is now trading from 73 stores, having opened seven stores in the quarter.
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