Booker posts “outstanding” figures ahead of AGM


Convenience supply giant Booker has posted an “outstanding” performance during its first quarter, as it begins important discussions over its future in its annual general meeting (AGM).

In the quarter to June 16, non-tobacco sales saw a 9.6 per cent jump on a like-for-like basis, propped up by a later Easter and heat wave.

Meanwhile, tobacco sales were hit by tighter regulation and dropped 7.9 per cent overall, dragging down like-for-likes by 4.2 per cent.

READ MORE:  Competition watchdog launches probe into Tesco-Booker merger

The promising results come as the supplier starts its AGM, which is expected to deal with issues over its future amid a possible Tesco takeover.

The pair recently requested the Competition Markets Authority speed up their investigation into the £3.7 billion deal, allowing both companies to implement the significant changes that will take place should the it be approved.

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