Booker Group sales flat for second quarter

14 September 2017 by
Booker Group sales flat for second quarter

Food wholesaler Booker has had a flat second quarter with group sales rising by only 1%.

The group comprises Booker Wholesale, Makro, Booker Direct, Classic Drinks, Ritter Courivaud, Chef Direct, Premier, Family Shopper, Budgens, Londis and Booker India.

Non-tobacco sales in the 12 weeks up to 8 September 2017 were up 5.8% while tobacco sales were impacted by changes in tobacco legislation and like-for-like sales were down 9.4%.

Booker's net cash position is at approximately £165m. This is credited to "favourable working capital movements".

In January, Booker announced a planned merger with Tesco. According to the report, Booker is currently going through the review process.

Charles Wilson, chief executive, said: "Booker Group continues to make good progress with like-for-like non tobacco sales up 6%. Our plans to focus, drive and broaden Booker Group are on track. The competition review of the planned merger with Tesco plc is progressing. We continue to help our retail, catering and small business customers prosper through improving our choice, prices and service."

The group employs approximately 13,000 staff and serves 94,000 independent retailers.

TagsFinance and Booker
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking