July 24, 2019 / 6:18 AM / 2 months ago

B&M UK's first-quarter underlying sales up 3.9%, on track for year

LONDON, July 24 (Reuters) - Fast-growing British discounter B&M European Value Retail said underlying sales in its core UK B&M business rose 3.9% in its first quarter, keeping the group on track with its plans for the 2019-20 year as a whole.

B&M, a general goods retailer which sells everything from furniture to electricals to food, said on Wednesday its total revenue rose 21.4% to 967.7 million pounds ($1.2 billion) in the March 31 to June 29 period.

“We look forward to the remainder of the year with confidence,” it said. ($1 = 0.8037 pounds) (Reporting by James Davey, Editing by Paul Sandle)

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