B&M European Value Retail S.A.·Consumer Defensive

B&M European Value Retail SA (LSE:BME) is being judged from two angles by the City, with Deutsche Bank turning more cautious on the cost of its turnaround while Shore Capital argues the risks are already priced in. Deutsche has cut its price target to 175p from 180p and reiterated its 'hold' rating, leaving the shares trading close to fair value after their recent recovery.

B&M European Value Retail S.A. (BMRRY) Q3 2026 Sales/Trading Call Transcript

Shares in B&M European Value Retail SA (LSE:BME) fell 2% in early trading after a third profits warning in four months, but pared losses as analysts said management appeared to be making progress in the turnaround. The third-quarter trading update, covering the 13 weeks to 27 December, revealed that group sales increased 2.9%, driven by contributions from new space, partly offset by a 0.6% decline in UK like-for-likes.

B&M European Value Retail SA (LSE:BME) has issued its third profit warning since last summer as the discounter's rejigged board struggles to turn around performance. The discount retailer now expects adjusted EBITDA for the year to March of £440-475 million, down from previous guidance of £470-520 million, due to investments in pricing, stock clearance of discontinued lines, and the financial underperformance of Heron Foods.
B&M European Value Retail S.A. operates general merchandise and grocery stores. The company operates a chain of 701 stores under the B&M brand, and 311 stores under the Heron Foods and B&M Express brands in the United Kingdom; and 107 stores under the B&M brand in France. It also provides employment and property management services. The company was founded in 1978 and is based in Luxembourg, Luxembourg.
Consumer Defensive
Discount Stores
40,383
2015-05-13
1.14