Booker defies retail gloom with 9.5% rise in sales
Cash & carry group Booker has reported another strong period of growth and said it was on track to meet full-year expectations.
The wholesaler’s total sales in the 12 weeks to 17 June 2011 rose by 9.5% on the same period last year (7.4% on a like-for-like basis). Non-tobacco sales climbed 9.1% (5.7% on a like-for-like basis) while tobacco sales grew by 10.1% (10.1% on a like-for-like basis).
Booker said its trading had benefited from an extra bank holiday during the period, favourable weather and a large increase in tobacco duty.
Charles Wilson, Booker chief executive said: "Booker continues to make good progress with like-for-like non-tobacco sales up 5.7% in quarter one. We are helping 459,000 independent businesses compete by improving choice, having competitive prices and enhancing service in this challenging economic environment."
Booker operates from 172 cash and carry branches throughout the UK and supplies around 305,000 catering businesses and 73,000 independent retailers.
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