Food wholesaler group Booker reported an increase in its fourth quarter sales whilst like-for-likes remain in line with expectations for the full year.
Total revenues rose by 10.6% in the 12 weeks to 25 March compared to the same period in 2015. The group‘s profits were assisted by its recent acquisition of Budgens and Londis.
Total group sales increased by 5% year-on-year to £5bn. Excluding Budgens and Londis, however, Booker‘s like-for-like sales fell by 2.5% in the same period.
Sales of all produce other than tobacco were down 0.7% like-for-like. Booker claimed that these were impacted by deflation in food prices and a weakened consumer demand in the period.
Tobacco sales were hit by the new ban introduced in small stores and resultantly saw a 6.1% drop in sales.
“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” said Chief Executive Charles Wilson.
“We continue to improve choice, prices and service to our customers. Booker Group remains on track to focus, drive and broaden the business”.