8th Jul 2015 06:44
LONDON (Alliance News) - Booker Group PLC Wednesday reported a rise in sales in the first quarter of its financial year and said it remains on course to meet expectations for the full year.
The convenience store chain operator said that total group sales in the 12 weeks to June 19 grew 0.2% on the same period the year before, and 0.4% on a like-for-like basis including British wholesaler Makro which it acquired in 2012.
Non-tobacco sales grew 0.7%, and 1.0% on a like-for-like basis, while tobacco revenue fell 0.9% both on a total and like-for-like basis.
Booker said that its wholesale division performed well in the quarter, in line with expectations, and its 11 Booker/Makro sites are "working well". Sales in India are continuing to make progress, it added.
Meanwhile, the UK Competition and Markets Authority is currently considering the Londis and Budgens acquisition through a stage 1 review, Booker said. Booker is buying the two convenience store chains from Irish food wholesaler Musgrave Group PLC for GBP40 million in cash.
"Booker Group continues to make good progress. Our plans to focus, drive and broaden Booker Group are on track. We continue to enhance choice, price and service for our retail, catering and small business customers," Chief Executive Charles Wilson said in a statement.
Booker is holding its annual general meeting on Wednesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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