Wednesday, May 22, 2019

Booker pleased with results despite “increasing competition”


Parent company of Londis and Budgens, Booker Group has recorded a positive revenue growth despite the current competitive climate.

Booker recorded a full year pre-tax profit of 9% to £150.8m following a 5% increase in revenues to £4.9bn.  

Non-tobbacco sales increased by 6.3% and sales grew 2.2%. Total like-for-likes edged down by 1.9%.

The food wholesaler also noted that trading in the first seven weeks of the current financial year was ahead of 2015.

“However, we anticipate that the challenging consumer and market environment will persist through the coming year and the UK’s food market remains very competitive,” the company said.

“Whilst there is increasing price competition in the UK grocery and discount sectors, we will continue to deliver our plans to offer our customers even better choice, prices and service supported by the continued delivery of our efficiency programmes.”

“We are on track to deliver an outcome for the new financial year in line with our plans and to make progress in this challenging environment.”