UK: Booker sales growth accelerates
UK cash-and-carry group Booker has seen its sales growth accelerate in its most recent quarter.
The firm will hold its AGM today (7 July), at which, chief executive Charles Wilson is expected to report a 4.9% increase in total sales for the 12 weeks to 18 June.
In the 12 weeks to 26 March, Booker's total sales grew 3.8%.
In the period to 18 June, non-tobacco sales were 4.5% higher than the comparable period last year. On a like-for-like basis total sales rose by 4.8% and non-tobacco sales by 4.3%.
Booker said its fresh departments performed particularly well with fruit and vegetables up 60% and meat up 11%.
“The business is performing in line with expectations and the outlook for the year as a whole remains unchanged,” the firm said. “Booker has continued to make progress in the first quarter against a strong comparative period last year.”
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