B&M shares marked down as pedestrian sales growth disappoints
Bargain stores giant B&M European Value Retail said it expects profits for the year ended 30 March 2024 will be at the 'top end' of previous guidance as the cash-generative discounter hailed a year of 'strong operational execution'.
Yet shares in the variety goods value retailer softened 2% to 502p as investors focused on pedestrian-looking fourth quarter UK sales growth.
This suggests B&M is...