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 for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published