Feb 24 (Reuters) - Discount retailer B&M lowered its annual core profit forecast on Monday and said CEO Alex Russo would retire at the end of April.
The company, which offers products ranging from hats and heaters to toys and food, now projects 2025 adjusted core earnings between 605 million pounds and 625 million pounds ($766.4 million to $791.7 million), compared with 620 million pounds to 650 million pounds expected earlier.
Russo, who has held the top job since September 2022, will retire on April 30, and the board is in advanced stages of recruiting a new CEO, B&M said.
Reporting by Shashwat Awasthi; Editing by Savio D'Souza
Source: Reuters