{"id":205676,"date":"2026-06-03T07:57:37","date_gmt":"2026-06-03T06:57:37","guid":{"rendered":"https:\/\/www.retailgazette.co.uk\/?p=205676"},"modified":"2026-06-03T07:57:37","modified_gmt":"2026-06-03T06:57:37","slug":"bm-profits-slide-as-discount-retailer-warns-over-rising-costs","status":"publish","type":"post","link":"https:\/\/www.retailgazette.co.uk\/blog\/2026\/06\/bm-profits-slide-as-discount-retailer-warns-over-rising-costs\/","title":{"rendered":"B&#038;M profits slide as discount retailer warns over rising costs"},"content":{"rendered":"<p data-start=\"68\" data-end=\"189\"><a href=\"https:\/\/www.bmstores.co.uk\" target=\"_blank\" rel=\"noopener\">B&amp;M<\/a> has warned of rising cost pressures in the year ahead as the discount retailer posted a sharp fall in annual profits.<\/p>\n<p data-start=\"191\" data-end=\"400\">The value retailer, which sells products across grocery, home, furniture and garden, reported a 26 per cent drop in annual profit after flat UK like-for-like sales and deeper price cuts weighed on performance.<\/p>\n<p data-start=\"402\" data-end=\"612\">B&amp;M said the conflict in the Middle East was adding upward pressure to costs, creating a tougher backdrop for the business as it works through a turnaround plan following two profit warnings over the past year.<\/p>\n<p data-start=\"614\" data-end=\"698\">The group reported adjusted core profit of \u00a3459 million for the year ended 28 March.<\/p>\n<p data-start=\"700\" data-end=\"850\">It also pointed to a slow start to its key garden season, although better weather in late May helped drive a recovery in sales of seasonal categories.<\/p>\n<p data-start=\"852\" data-end=\"1015\">The update comes as B&amp;M looks to rebuild momentum after a challenging year, with shoppers continuing to seek value while remaining cautious on discretionary spend.<\/p>\n<p data-start=\"1017\" data-end=\"1203\" data-is-last-node=\"\" data-is-only-node=\"\">The retailer\u2019s latest performance highlights the pressure facing even discount operators, as higher costs, fragile demand and increased promotional activity continue to weigh on margins.<\/p>\n<p><em><strong><a href=\"https:\/\/www.retailgazette.co.uk\/newsletter-sign-up-retail-gazette?utm_source=Website&amp;utm_medium=Article&amp;utm_campaign=SignUp\">Click here to sign up to Retail Gazette\u2018s free daily email newsletter<\/a><\/strong><\/em><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>B&amp;M has warned of rising cost pressures in the year ahead as the discount retailer posted a sharp fall in annual profits. The value retailer, which sells products across grocery, home, furniture and garden, reported a 26 per cent drop in annual profit after flat UK like-for-like sales and deeper price cuts weighed on performance&#8230;.<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":850,"featured_media":122365,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[12647,2657,2620],"tags":[4665],"class_list":["post-205676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discount","category-grocery","category-news","tag-bm"],"comment_count":0,"featured_video":false,"extra_images":false,"featured_youtube_video_url":"","featured_image_url":"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/11\/BM-pr-2.jpg","thumbnail":"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/11\/BM-pr-2-300x225.jpg","views":"2,300","_links":{"self":[{"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/posts\/205676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/comments?post=205676"}],"version-history":[{"count":2,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/posts\/205676\/revisions"}],"predecessor-version":[{"id":205678,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/posts\/205676\/revisions\/205678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/media\/122365"}],"wp:attachment":[{"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/media?parent=205676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/categories?post=205676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/tags?post=205676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}