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BUZZ-UK retailer B&M tumbles to five-year low on Q1 like-for-like sales miss

Reuters
07-15
BUZZ-UK retailer B&M tumbles to five-year low on Q1 like-for-like sales miss

** British discount retailer B&M's shares BMEB.L fall over 12% to 227p, lowest since April 2020

** Posts Q1 UK like-for-like sales growth of 1.3%, below Visible Alpha consensus of 2.6%, according to Jefferies

** Q1 group sales of 1.4 billion pounds ($1.88 billion) in line with Visible Alpha consensus, according to Jefferies

** YTD, BMEB shares are down 34.27%

($1 = 0.7445 pounds)

(Reporting by Unnamalai L in Bengaluru)

((Unnamalai.L@thomsonreuters.com;))

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