Booker on track for year
Food and drink wholesaler Booker posted a 1.7 per cent increase in total sales for the 12 weeks to 22 June 2012 and said it remains on course to meet expectations for the year ending 29 March 2013.
Food and drink wholesaler Booker posted a 1.7 per cent increase in total sales for the 12 weeks to 22 June 2012 and said it remains on course to meet expectations for the year ending 29 March 2013.
Non-tobacco sales rose by 3.9%, or 3.8% on a like-for-like basis, while tobacco sales fell by 1.7% after increased duty hurt sales.
Booker said it had made a good start to the quarter after the strong performance from non-tobacco items.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
Chief executive Charles Wilson said: "Booker Group continues to make good progress, with like-for-like non-tobacco sales up 3.8% in quarter one. Our plans to focus, drive and broaden the business remain on track."
Commenting on the acquisition of Makro UK earlier this month, it added: "Together we look forward to improving choice, prices and service for all our catering, retailing and small business customers in the UK."
CJ
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published