B&M’s full-year profits are set to hit the top end of expectations after sales surged 10.1% over the year.
Adjusted EBITDA is expected to reach £629m, at the top end of its £620m to £630m guidance range, 9.8% higher than last year.
Group sales topped £5.5bn for the year to 30 March, which it said was underpinned by volume growth and positive like-for-likes.
B&M’s UK like-for-likes edged up 2.9% in the 14 week period to 30 March, driven by FMCG and general merchandise growth.
Over the full-year, UK like-for-likes rose 3.7%.
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The retailer opened 47 new stores over the year and said the shops, which include the Wilko stores it acquired in the year, are “trading well”.
B&M bought 51 Wilko stores out of administration last year.
The value chain’s expansion looks set to continue in the year ahead.
B&M CEO Alex Russo said: “The business and team are well set up for the year ahead, our pipeline remains on track to open not less than 45 UK B&M stores in each of the next two financial years and our French and Heron businesses continue to demonstrate significant profitable growth potential.”
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