BM Shares Jump on Strong Profit Forecast
BM shares surged to a one-year high after the discount retailer forecast annual profit growth of up to sixteen percent. The turnaround plan helped the company win back shoppers and boost sales.
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B&M European Value Retail SA shares jumped to a one-year high on Thursday morning after forecasting up to a 16% rise in annual profit. The discount retailer's turnaround plan helped it win back shoppers across the United Kingdom. The retailer projects fiscal 2027 adjusted pre-thorough profit between £280 million and £330 million, beating consensus estimates.
