UK: Booker Group posts big sales increase

Food wholesaler Booker Group has posted a big jump in sales, with turnover for the year ending 28 March 2014 up 17.3%  to £4.7 billion ($7.9 billion), Talking Retail reports.

Figures show that like-for-like sales (excluding Makro) increased 2.1%, and operating profit (pre £3.4 million net exceptional credit related to the Makro acquisition) was up 23% to £120.4 million ($202.9 million).

Steve Fox, Booker sales director – retail, said “Booker has made good progress with our retail business. Premier continues to build solid sales growth of 12% which is the eleventh consecutive year of double digit growth. We also launched Family Shopper which offers independent retailers a discount format and had been very well received.

“The outlook remains challenging however we remain committed to increasing choice, lowering prices and improving our service.”

Meanwhile Booker chief executive Charles Wilson commented: “We grew the Group to £4.7bn of sales.  Most importantly we teamed up with Makro to become the UK’s leading wholesaler to caterers, retailers and small businesses.

“We strive to provide our customers with improved choice, prices and service via the internet, delivery and cash and carry.  We have a great team at Booker and Makro and together we will help our customers prosper in the year ahead.”

Source: Talking Retail