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Bonmarche to beat full year expectations after strong Q4

Bonmarche is forecasting above expectations full year results, on the back of a strong fourth quarter performance.

The value retailer, which went public earlier this year, this morning reported like-for-like growth of 13.5% for the 13 weeks to March 29.  Full year growth is 10.4%.

Including online sales, sales over the three month period rose 16.3%, with year growth at 13.1%.

Chief executive Beth Butterwick: “I am delighted with our performance, particularly with this being our first year-end as a listed company.

“The growth driven though product, stores and multi-channel initiatives, demonstrates our customers’ positive reaction to our strategy.

“We will continue to learn from our customers as we progress. I look forward to outlining further growth initiatives for the new financial year, when I present our preliminary results on 13 June.”

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