The London-listed convenience retailer reported revenue growth of 13.5% for the quarter, with U.K. business revenue on a like-for-like basis up 9.2%, they add. It has also upgraded its Ebita guidance for 2023 by GBP10 million, which flows through to free cash flow and net debt, Bamberry says. Shore expects the FTSE 100 convenience retailer's previous guidance of a higher FY 2024 adjusted Ebitda than the previous year to remain unchanged, they say. B&M is expected to take measures in order to mitigate inflationary pressures on consumer budgets, the U.K. investment group's analysts say. (elena.vardon@wsj.com)Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com(END) Dow Jones NewswiresJune 29, 2023 12:02 ET (16:02 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal June 29, 2023 16:11 UTC