B&M, the bargain retailer, saw its share price rise almost 3% in early morning trading on the back of record Christmas trading numbers.
The company which has seen enormous UK store expansion of late, reported a sharp rise in third quarter sales, helped in the large part by Christmas trading.
B&M posted a 22.7% rise in sales to £969.8m in the 13 weeks to December 23, with like-for-like sales growing 3.9%.
The group said that the stellar performance reflects its new store opening programme, with 19 outlets added in the quarter.
Rising inflation caused by the collapse of the Brexit-hit pound has pushed up the price of household essentials for hard-pressed consumers and, in these conditions, B&M has thrived.
Commenting on the latest numbers, CEO Simon Arora said: “B&M continues to go from strength to strength.
“Despite the demanding comparatives from the very strong Christmas in 2016, our buying, supply chain and retail teams achieved another outstanding performance this year by doing what we do best, which is delivering great value for customers week-in, week-out.”