B&M will reward 30,000 staff with an extra week's wages, with shareholders to receive a special dividend of £200m after revenues at its UK stores soared again.
The discount retail giant said UK stores' revenue growth for Q3 - the festive "golden quarter" - was 26.6%, while group revenue growth stood at 22.5%. That's compared with a 9.9% rise for the same period last year.
The group, whose headquarters are on Merseyside, opened 18 new stores during the quarter - helping to create over 500 new jobs.
In a trading update detailing a "strong golden quarter", the firm also said a further special dividend of 20p per share - equating to around £200m in total - will be paid to shareholders at the end of January.
Chief executive Simon Arora and his family are the biggest shareholders in the business, meaning he will pay himself £30 million, in addition to a £44 million dividend payout revealed two months ago.
Mr Arora said: "Our trading performance is testament to the hard work and commitment of all our colleagues, to whom I express my sincere thanks.
"The safety and wellbeing of our customers and colleagues has remained our priority during these unprecedented times, whilst we have worked hard to provide customers with the everyday essentials they need.
"We are awarding some 30,000 store and distribution colleagues an extra week's wages in recognition of their considerable efforts.
"Notwithstanding our status as an essential retailer, with lockdown restrictions in the UK having tightened there remain uncertainties ahead.
"With our combination of exceptional value and convenient out of town locations, we are confident that our business model will prove highly relevant to the needs of customers in 2021."
The payouts come as the retailer saw a surge in sales during the second English national lockdown and subsequent Tiering as the stores benefitted from their "essential" retail status.
Bosses at the retailer said sales in UK stores in the 13 weeks to December 26 soared 26.6% on a like-for-like basis to £1.2 billion. Revenues hit £1.4 billion for the group - including its international divisions.
As an essential retailer, B&M stores will stay open throughout the lockdown to serve their communities - with more than 670 branches operating nationwide at the moment.
This week, the firm also announced it was to extend its staff discount to all NHS workers again.
In the first lockdown the discount retailer gave £3m worth of discounts to NHS staff – as a thank you for their continued hard work.
Now, with a new lockdown in force and hospitals working harder than ever the firm has re-launched the offer.
