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.
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.