Sales up at Booker
Wholesaler group Booker has seen like-for-like sales rise by 5.7 per cent, although legislation has continued to dent tobacco sales.
The like-for-like growth for the 52 weeks to 27 March, which excludes tobacco sales down 1.5 per cent, has yielded 3.3 per cent total sales growth to £3.2bn. However, the company increased its sales to caterers and 'others' more than it did its sales to independent retailers, which saw sales increase by 1 per cent. Booker's operating profit grew by 25 per cent to £57.8m
In a busy year, online sales have increased exponentially, growing by 129 per cent to £250m and the group has developed plans to open its first branch in Mumbai, India. The company is also planning a more from the AIM to the Official List.
“Customer satisfaction has improved, our sales have increased, operating profits are up 25 per cent and our net debt is down 47 per cent,” says Booker chief executive Charles Wilson. “Our plan to focus, drive and broaden the business is working and we are satisfied with the progress we have made.”
Issues such as the smoking ban in public places continue to have an impact on tobacco sales, with the broader economy to make trade competitive, says chairman Richard Rose.
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