Thursday, July 27, 2017

Booker Group on course to meet full year expectations

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Wholesaler Booker has enjoyed a steady first quarter with like-for-like sales at Booker, and recently acquired cash and carry business Makro, rising 0.4% in Q1. Excluding tobacco, like-for-like sales increasing 1%.

The convenience store chain operator said it is on track to meet expectations for the full year.

“Booker Group continues to make good progress,” said Charles Wilson, Chief Executive. “Our plans to focus, drive and broaden Booker Group are on track. We continue to enhance choice, price and service for our retail, catering and small business customers.”

The wholesaler is current awaiting approval from the Competition and Markets Authority for its £40m deal to buy loss-making retail chains Londis and Budgens. The takeover would grow Booker’s presence on the high street,

“As previously announced, the UK Competition and Markets Authority is currently considering the Londis and Budgens acquisition and we will update shareholders when the CMA stage one review is complete,” said Wilson.

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