UK's B&M rises as adjusted core profit beats estimates, margin fears ease

B&M European Value Retail

03/06/2026 08:56

** Shares of B&M European Value Retail BMEB.L climb 9.5% to 186.7p
** British discount retailer reports FY26 adjusted core profit of 459 mln pounds, beating Jefferies estimate of 451 mln pounds 
** Broker Panmure Liberum says H2 gross margin held steady, with clearance of legacy ranges and pricing investment not driving further unexpected deterioration
** Stock has gained about 10.6% so far this year

 (Reporting by Judes Joseph in Bengaluru)
 ((judes.joseph@thomsonreuters.com;))