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Conviviality first half revenue up 9.2%

Bargain Booze owner Conviviality has reported that its first half revenue was 9.2% ahead of the same period last year at £836 million. In the 26… View Article

FOOD & DRINK

Conviviality first half revenue up 9.2%

Bargain Booze owner Conviviality has reported that its first half revenue was 9.2% ahead of the same period last year at £836 million.

In the 26 weeks to 29 October, sales in its retail business rose by 10% year-on-year to £203 million.

The company said it saw a 53% increase in average sales per store opened in the six-month period as the quality of new stores improved in terms of location and proposition.

Meanwhile, like-for-like sales were up 2.3% excluding tobacco.

Diana Hunter, chief executive of Conviviality, said: “During this period the company has undergone significant change as we continue to implement systems that will ultimately serve to future proof our business and enable us to continue to deliver the outstanding service that our customers and franchisees expect from us.”

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