B&M Sees 10% Profit Increase, Fueled by Expansion in New Store Openings

British discount retailer B&M reported on Wednesday that it achieved a 9.7% increase in full-year profit, matching expectations. This growth was supported by a similar rise in revenue, driven notably by the opening of 78 new stores.

For the year ending March 30, the FTSE 100 company recorded adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) of £629 million ($803 million), consistent with the guidance provided in April.

Paraphrasing text from "Reuters" all rights reserved by the original author.