Warning of an ‘uncertain economic outlook’, the FTSE 250 firm also revealed chief executive Alex Russo will ‘retire’ at the end of April after only taking the job in September 2022.
Exit: B&M chief exec Alex Russo (pictured) will ‘retire’ at the end of April after only taking the job in September 2022.
B&M said the downgrade to its profit outlook ‘reflects the current trading performance of the business, an uncertain economic outlook and the potential impact of exchange rate volatility’.
Russ Mould, investment director at broker AJ Bell, said: ‘Time has run out for Alex Russo to get B&M back on track.
Nonetheless, Russo said it was ‘professionally rewarding’ to ‘retire leaving growing business with great potential in both UK and France’.
