Booker lifts third quarter sales

UK cash and carry chain Booker reported an increase in third quarter sales and added that the outlook for profits and net cash for the year remains in line with expectations.

UK cash and carry chain Booker reported an increase in third quarter sales and added that the outlook for profits and net cash for the year remains in line with expectations.

Total sales, excluding Makro, rose by 3.1% for the 16 weeks to January 4th 2013 compared to the same period last year.

The food and drink wholesaler, which supplies corner shops, pubs and restaurants, said non-tobacco sales climbed 4.2%. Tobacco sales rose by 1.3%.

On a like-for-like basis total sales rose by 3.1%, non-tobacco sales rose by 4.1% and tobacco sales by 1.3%.

"Booker Wholesale, our cash and carry division, had a good quarter. Customer satisfaction further improved, customer numbers were up and sales were in line with expectations," the group said in a statement.

Fresh departments continued to perform well, with fruit and vegetable sales up 30% on the same period last year, it added.

The group, which is expanding its catering and food service operations, said Chef Direct, the foodservice business Booker launched last year, is making good progress. While Chef Direct is incurring start up costs, its performance is on track.

Charles Wilson, Booker Chief Executive, said: "Amid the challenging economic environment...the Booker Wholesale business is doing well and we are pleased to be rolling out Classic and Chef Direct."

"We are excited about the opportunities of Booker and Makro coming together with the continuing aim of helping independent businesses prosper in the UK."

CJ

Recommended

Share tips of the week – 24 September
Share tips

Share tips of the week – 24 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
24 Sep 2021
Three strong Asian stocks trading at bargain prices
Share tips

Three strong Asian stocks trading at bargain prices

Professional investor Nitin Bajaj of the Fidelity Asian Values investment trust picks three stocks that dominate their industries, earn good returns o…
20 Sep 2021
Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021
Share tips of the week – 17 September
Share tips

Share tips of the week – 17 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
17 Sep 2021

Most Popular

A nightmare 1970s scenario for investors is edging closer
Investment strategy

A nightmare 1970s scenario for investors is edging closer

Inflation need not be a worry unless it is driven by labour market shortages. Unfortunately, writes macroeconomist Philip Pilkington, that’s exactly w…
17 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021