Retail giant B&M has upped its predicted earnings after reporting "particularly encouraging" sales ahead of the 'Golden Quarter'.
The Liverpool-headquartered firm said in a trading update on Wednesday that while group revenues have been "broadly in line" with market expectations, gross margins have been stronger than originally anticipated in the 海角视频 business.
A statement said: "Performance of general merchandise and seasonal categories has been particularly encouraging.
READ MORE: Tactus buys £20m-turnover Business IT Support Team Group in third major acquisition of the year
"Sell-through rates in those categories have been high and accordingly end of season markdowns have been limited."
As a result, it said the group now expects adjusted EBITDA for the six months to 25 September 2021 to be in the range of £275m to £285m.
The previous estimate was £235m.
Don't miss a thing - sign up for your free North West newsletter - and follow us on LinkedIn
Email newsletters
BusinessLive is your home for business news from around the North West- and you can stay in touch with all the latest news from Greater Manchester, Liverpool City Region, Cheshire, Lancashire and Cumbria through our email alerts.
You can sign up to receive daily morning news bulletins from every region we cover and to weekly email bulletins covering key economic sectors from manufacturing to technology and enterprise. And we'll send out breaking news alerts for any stories we think you can't miss.
Visit our email preference centre to sign up to all the latest news from BusinessLive.
For all the latest stories, views, polls and more - and the news as it breaks - .
Most Read
The statement added: "Although the group is well positioned for the upcoming Golden Quarter, trading patterns and strength of customer demand remain highly uncertain for the balance of FY22."
The firm said it will provide further detail in its interim results on November 11.