Investing.com --London-listed shares in B&M (LON:BMEB) slumped by more than 6% on Wednesday as analysts raised concerns over a lack of guidance from the discount retailer in its latest full-year earnings.
Preliminary results for the 53 weeks ended on March 30 showed that profit at the British group came in at 629 million pounds, roughly meeting the top end of its prior guidance range of 620 million pounds to 630 million pounds. Revenues also jumped by 10.1% to 5.5 billion pounds.
In a statement, Chief Executive Alex Russo said that the firm "demonstrated strong volume-led momentum" despite facing "more challenging comparatives."
B&M said it plans to open "not less than" 45 gross new stores in the U.K. in its current fiscal year, as well as a "meaningful number" in France and for its Heron Foods supermarket chain.
However, analysts at Jefferies flagged that "the most notable element" of B&M's results was the absence of a financial outlook and commentary around the 2025 fiscal period. They added that the consensus estimates for the company's first-quarter sales performance are already predicted to be "weak."