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Booker's sales

By BFN News | 07:29 AM | Thursday 31 March, 2016


Food wholesaler Booker Group's sales, including Budgens and Londis, rose by 10.6% in the 12 weeks to 25 March on the corresponding period last year. Booker Wholesale with Makro, its cash and carry business, had a good quarter for customer numbers, customer satisfaction and cash profit. Non tobacco sales reduced by 0.7% on a like-for-like basis. These sales were impacted by deflation in food prices and many customers reporting weak consumer demand during the period. Tobacco sales continued to be adversely impacted by the ban on small stores displaying tobacco products, down 6.1% like-for-like. Booker Direct, Chef Direct, Ritter and Booker India performed as the group expected. Premier continues to grow and we made good progress on the integration of Londis and Budgens. For the 52 weeks to 25 March 2016, total sales (including Budgens & Londis) were GBP5.0bn, up by 5.0% compared to last year. Booker like-for-like total sales were down by 1.9%. Like-for-like non-tobacco sales declined by 0.3%, and like-for-like tobacco sales fell by 5.2%. Like-for-like total sales to caterers rose by 0.6% including Classic and by 1.9% excluding Classic. Classic, its on trade wholesale business, exited some unprofitable business. During the year the group said it continued to see price deflation in the catering market. Like-for-like total sales to retailers reduced by 2.2% primarily due to the tobacco display ban. Customer satisfaction scores were strong and internet sales increased by 12% to £979m (excluding Budgens & Londis). The Group had approximately £126m net cash at the end of the year. Profits for the 52 weeks to 25 March 2016 remain in line with expectations. Booker chief executive Charles Wilson said: "Overall, 2015/16 was a good year. Customer satisfaction scores were strong, sales and profits were the best we have ever achieved. We made good progress on the integration of Londis and Budgens. We continue to improve choice, prices and service to our customers. Booker Group remains on track to Focus, Drive and Broaden the business." Story provided by StockMarketWire.com

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