Top Stories
UK discounter B&M profit up 10%, boosted by new store openings
Global Banking & Finance Review®
Company
LONDON (Reuters) – British discount chain B&M on Wednesday met expectations with a 9.7% rise in full-year profit, reflecting a similar rise in revenue that was boosted by 78 new store openings.
LONDON (Reuters) – British discount chain B&M on Wednesday met expectations with a 9.7% rise in full-year profit, reflecting a similar rise in revenue that was boosted by 78 new store openings.
The FTSE 100 retailer, which sells everything from garden furniture and electrical items to toys and food, made year to March 30 adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), its key profit measure, of 629 million pounds ($803 million) – in line with guidance issued in April.
($1 = 0.7831 pounds)
(Reporting by James Davey; editing by Sarah Young)
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure used to analyze a company's operating performance without the effects of capital structure and tax rates.
Revenue is the total income generated by a company from its business activities, typically from the sale of goods and services, before any expenses are deducted.
Store openings refer to the launch of new retail locations by a company, which can contribute to increased sales and market presence.
Explore more articles in the Top Stories category
