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%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Tesla and Alphabet announce results – should you invest in Big Tech?
How profitable are the world’s biggest tech companies? We share the latest so far this earnings season.
By Katie Williams Published
-
How working part-time in retirement could boost your pension by £87,000
Easing into retirement by working a few days a week could add thousands to your pension pot. We crunch the figures to see how working part-time can boost your pension po
By Ruth Emery Published