THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
KNOWLEDGE CENTRE
PARTNER DATABASE
ABOUT US
CONTACT US
REGISTER
Conviviality reports strong results

Bargain Booze and Wine Rack owner Conviviality saw an increase in both sales and profit in the year to 30 April.

FOOD & DRINK

Conviviality reports strong results

Revenue climbed by 85% to £1.56 billion while pre-tax profit rose by 147% to £22.5 million. Adjusted profit before tax was up 111% to £45.8 million.

Meanwhile, Conviviality Retail sales rose by 6.1% to £378 million.

During the year, the group acquired wine, spirit and beer distributor and wholesaler Bibendum and also made “significant” progress in its logistics improvement strategy with a reorganisation of depots and the opening of a new stockless outbase in Dundee.

Diana Hunter, chief executive of Conviviality, said: “I am pleased to report a strong set of results that demonstrate our focus and commitment to serving our customers well, working in partnership with our suppliers and delivering against our strategic plans.

“We firmly believe there is exciting potential for significant organic growth for our businesses, with further potential opportunities to build on the current platform.”

The company said trading in the nine weeks to 2 July was in line with expectations with Conviviality Retail like-for-like sales up 0.5% and Wine Rack sales up 4%.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe for retail news

RETAIL EVENTS

TRB CONFERENCES
Retail Customer Engagement Summit
Retail Customer Engagement Summit
5 June 2018
Cavendish Conference Centre, London W1
The 9th Annual Retail Customer Engagement Summit
Future of Retail Law Conference 2018
Future of Retail Law Conference 2018
14th June 2018
The Altitude SW1P 4RS
The Retail Bulletin Future of Retail Law Conference 2018
Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
TRB FORUMS
Mental Health & Wellbeing Forum
Mental Health & Wellbeing Forum
06 March 2018
TBC
Dr Shaun Davis aims to dig deeper into some of the steps a retail HR team can take to play their part in maintaining and improving the mental health and wellbeing of their staff.
Payment Roundtable 2018
Payment Roundtable 2018
18 April 2018
Hallam Conference Centre W1W 6JJ
Are you confident that your payment strategy is competitive and is future proof?