B&M has raised its expectations after its sales grew during the vital Christmas trading period.
The Liverpool-headquartered discount retail giant has revealed its group sales totalled £1.567bn for the three months to December 24, 2022, up from the £1.395bn it achieved during the same period in 2021.
As a result, B&M said it now expects its group full-year adjusted EBITDA to be between £560m and £580m, ahead of current analysts' consensus estimate of £557m.
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Its UK sales increased from £1.181bn to £1.302bn in the quarter while its France division's sales went from £109m to £136m.
Heron Foods' sales also increased from £105m to £129m.
Chief executive Alex Russo said: "Our strong momentum throughout the Golden Quarter across the businesses demonstrates the strength of our unchanged strategy to relentlessly focus on price, product and excellence in retail execution.
"Despite the challenging macroeconomic environment, we will continue to work hard to help both existing and new customers manage the cost-of-living crisis.
"The business has exited the quarter well and will remain focused on disciplined execution."
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