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Booker 12-week Sales Rise; Backs Outlook - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

UK's food wholesaler Booker Group Plc (BOK.L) on Thursday said its total sales, excluding Makro, in the 12 weeks to September 14 rose 4.3 percent.

The company on July 4 acquired Makro, which has been struggling for the past few years and its performance in the past ten weeks has continued to be challenging.

For the 12 weeks, non-tobacco sales were 3.9 percent higher, while tobacco sales grew 5.1 percent. On a like-for-like basis, total sales increased 4.4 percent with 3.8 percent growth in non-tobacco sales and 5.4 percent increase in tobacco sales.

Total sales, excluding Makro, in the 24 weeks rose 3.3 percent as non-tobacco sales were 4.2 percent higher and tobacco sales were 2 percent higher. Like-for-like sales rose 3.1 percent with non-tobacco sales up 3.8 percent and tobacco sales up 1.8 percent.

The company added that Booker Wholesale, its cash and carry division, had a good half with higher customer numbers and sales matching expectations.

Citing a good first half, the company said its outlook for the year as a whole remains unchanged.

Booker Chief Executive Charles Wilson said, "Booker Wholesale and Booker Direct have had a good start to the year as we continue to improve choice, price and service."

Booker will announce interim results for the 24 weeks to September 14 on October 18.

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