Retailer B&M's quarterly sales gain as France offsets UK weakness

B&M reported first-quarter group revenue up 2%, helped by strong growth in France and a recovery at its Heron Foods unit. This was partly offset by a decline in like-for-like sales in its core UK business. Net effect is modestly positive but with ongoing UK softness.

Analysis

B&M reported first-quarter group revenue up 2%, helped by strong growth in France and a recovery at its Heron Foods unit. This was partly offset by a decline in like-for-like sales in its core UK business. Net effect is modestly positive but with ongoing UK softness.