💨 Abstract
B&M reported a 13% drop in profits to £431 million due to reduced consumer spending and poor weather impacting garden sales. Despite this, revenues grew 3.8% to £4.5 billion, with 36 new stores opened. The retailer is adjusting its product range to include higher-priced items. Shares plummeted 12%, prompting calls for a review by the incoming CEO.
Courtesy: www.thesun.co.uk
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