Profit warning at B&M as turnaround soaks up margin

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Issuing its third quarter results this morning, the discounter slashed its adjusted EBITDA forecast from £470m-£520m to £440m-£470m after like-for-like sales at B&M UK fell 0.6% in Q3

B&M has issued a fresh profit warning, as its Back to B&M Basics turnaround plan cuts into growth.

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