Waitrose reports record festival trading results

It was a merrier Christmas for Waitrose last year as the British supermarket revealed sales were up during the festive season.

It was a merrier Christmas for Waitrose last year as the British supermarket revealed sales were up during the festive season.

The upmarket grocer - which has 288 shops across the country - said Thursday it broke the £300m barrier for the first time in the 12 days leading to December 31st, following an 8.8% year-on-year rise in total sales.

The store reported a 5.4% increase in like-for-like sales between December 18th and 31st, compared to last year.

Waitrose, a division of the John Lewis Partnership, said sales climbed 7.7% from November 4th to December 24th and that like-for-like sales increased 4.3%.

Sales were boosted as consumers stocked up on champagne and party food to celebrate the holiday season.

The company extended trading hours to as late as 24:00 over the busy period to meet demand.

The results come a day after John Lewis reported record festive trading. John Lewis made £684.8m from department store sales for the five weeks to December 29th, up 14.8% from the year before.

Other major UK stores - Tesco, J Sainsbury and Morrison Supermarkets - will release Christmas trading results next week.

RD

Recommended

Three sustainable stocks that are doing well by doing good
Share tips

Three sustainable stocks that are doing well by doing good

Professional investor Peter Michaelis of the Liontrust Sustainable Investment Team picks three stocks to buy that are helping to create a cleaner, saf…
26 Jul 2021
Share tips of the week – 23 July
Share tips

Share tips of the week – 23 July

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
23 Jul 2021
Will Zoom’s $15bn purchase help it expand?
Tech stocks

Will Zoom’s $15bn purchase help it expand?

The videoconferencing platform became a household name during the pandemic, but it now needs new sources of growth. Alex Rankine reports
23 Jul 2021
Philip Morris goes “beyond nicotine”
Stocks and shares

Philip Morris goes “beyond nicotine”

US tobacco giant Philip Morris International has agreed to pay £1bn for British inhaler specialist Vectura.
23 Jul 2021

Most Popular

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism
Economy

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism

Russell Napier talks to Merryn about financial repression – or "stealing money from old people slowly" – plus how Asian capitalism is taking over in t…
16 Jul 2021
Why the UK's 2.5% inflation is a big deal
Inflation

Why the UK's 2.5% inflation is a big deal

After years of inflation being a financial-assets problem, it is now an “ordinary things” problem too, says Merryn Somerset Webb. But central banks st…
16 Jul 2021
Three companies that are reaping the rewards of investment
Share tips

Three companies that are reaping the rewards of investment

Professional investor Edward Wielechowski of the Odyssean Investment Trust highlights three stocks that have have invested well – and are able to deal…
19 Jul 2021