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

The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into
2 Mar 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
27 Feb 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023

Most Popular

Where will house prices go in 2023?
House prices

Where will house prices go in 2023?

We explore what could happen to house prices in 2023 as the market continues to slow down.
24 Mar 2023
Will energy prices go down in 2023?
Personal finance

Will energy prices go down in 2023?

Ofgem’s price cap is now predicted to fall below £2,000, based on average typical use, from July, for the first time since 2022. We have all the detai…
21 Mar 2023
5 top UK tech stocks
Investments

5 top UK tech stocks

The UK market has never been considered a fertile hunting ground for tech stars. But there are plenty of promising companies beyond the old economy, s…
23 Mar 2023