Bargain Booze owner raises toast to first half 9.2% revenue surge

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Bargain Booze

Revenues have surged by almost a tenth at Bargain Booze parent company Conviviality, fuelled by rising sales across all of its business units.

In a trading update for the 26 weeks ending October 29, Conviviality revealed unaudited total revenues went up 9.2 per cent to £836 million, compared to the £766 million recorded in the same period last year.

Retail sales drove Conviviality’s total revenues, increasing 10 per cent year-on-year to £203 million.

Meanwhile, direct sales increased by 6.9 per cent to £540 million, and trading sales were up by 9.6 per cent to £93 million.

The off-licence and convenience store retailer said it continued to perform in line with the board’s expectations for the current fiscal year which will end April 29.

“We are pleased to have delivered strong revenue growth during the period,” chief executive Diana Hunter said.

“This performance is a direct result of the support and engagement of our valued customers and franchisees across our entire business, our suppliers and global producers and the talented teams who work closely with them.

“During this period the company has undergone significant change as we continue to implement systems that will ultimately serve to future proof our business and enable us to continue to deliver the outstanding service that our customers and dranchisees expect from us.”

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