Booker sales going strong
Wholesale food business Booker says like-for-like sales in its fourth quarter rose while its expansion in India continues.
Wholesale food business Booker says like-for-like sales in its fourth quarter rose while its expansion in India continues.
Total like-for-like sales in the 12 weeks to 23 March rose by 4.8% on the same period of 2011.
Total sales over the year were £3.9bn, up by 7.3%, and total like-for-likes were up by 6.1%.
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
Internet sales increased by 21% to £635m, while the company opened its second office in Mumbai.
The 2011/2012 year has the impact of a 53rd week. Week 53 increased sales by £76m and will benefit operating profits by circa £1m for the full year.
Booker's net cash position was £63m at the year's end compared to £27m a year ago.
The company says profits for the 53 weeks to March 30th "remain in line with expectations."
Since the beginning of 2012 Booker shares have risen 14%.
BS
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published