UK wholesaler and food retailer Big Food Group has said it made a satisfactory start to the year with sales trends improving despite still being lower than last year.
The company, which owns the Iceland frozen food chain and Booker wholesale business, reported a 0.5% slide in group same-store sales for the 13 weeks to 27 June, compared to a 2.8% fall in the previous quarter.
“It’s a solid performance, moving in the right direction. The figures were in line with our expectations,” chief executive Bill Grimsey told Reuters.
Like-for-like sales at Iceland were down 1.6% in the first quarter after adjusting for the late Easter this year. That compares with a fall of 2.1% in the previous quarter.
Underlying adjusted sales at Booker, which accounts for two thirds of group turnover, fell 1.2%.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData