Category: Finance
B&M European Value Retail S.A. shares have risen 5% despite lower like-for-like sales, attributed to increased overall revenues and a growing store count. The company opened 19 new outlets recently and plans to continue expanding. While like-for-like sales declined due to poor weather, the long-term outlook remains positive, with a price-to-earnings ratio of around 13 indicating good value for potential investors.
Keywords: B&M European Value Retail, share price, retail sales
Update At: 7/23/2024