Luxury supermarket Booths saw losses half in its latest annual results, as it experienced a “better than planned” year.

Pre-tax losses dropped from £1.6m to £846,000 for the year to 31 March 2025.

Sales rose 1.4% from £318m to £323m, boosted by increased footfall and increased basket spend, which was partly down to inflation. The uplift also came despite Booths’ peak Easter trading falling outside of its financial year.

It highlighted “record” Christmas revenues during the 2024 Christmas quarter, growing by 9.3% for the three-week trading period to 4 January.

EBITDA, excluding profits on disposal of property interests and other assets, soared by £1.4m to £10m.

The business said its results were “significantly above those planned at the beginning of the financial year thus providing a continued sustainable platform for future growth.”

Booths credited its performance to an “ongoing commitment to exceptional service, outstanding food and drink quality and delivering great shopping experiences”.

The Northern retailer said it continued to invest in its future, pushing ahead with the next phase of its ongoing IT overhaul, and into its shops in Knutsford, Scotforth and Barrowford.

Booths executive chairman Edwin Booth said: “We’ve delivered a solid financial performance by remaining true to our purpose to be loved by our customers for inspiring and nourishing their desire for delicious food and drink. 

“Every year brings new challenges to retailing, but Booths continues to thrive with the dedication of our talented colleagues and partners across the business.”

The results come after Booths rolled out loyalty prices earlier this year, as part of a “fundamental” revamp of its reward programme.

The grocery chain launched discounted prices on roughly 300 of its own-label lines in stores, The Grocer reported.

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