Booker Group Reports Growth in Quarterly Sales
05 Juli 2017 - 8:40AM
Dow Jones News
LONDON--Food wholesaler Booker Group PLC (BOK.LN) said Wednesday
favorable weather and a late Easter holiday led to good sales
growth in the first quarter of fiscal 2018.
For the 12 weeks to June 16, the company recorded total
like-for-like sales growth of 4.2%. Total sales were up 4.0%.
First quarter like-for-like tobacco sales were down 7.9% and
non-tobacco sales up 9.6%. The drop in tobacco sales was attributed
to changes in tobacco legislation.
"This was a good quarter. Our plans to Focus, Drive and Broaden
the Group are on track. On 27 January we announced the planned
merger with Tesco and we are going through the competition process.
Meanwhile business as usual is going well as we continue to improve
choice, prices and service for our retail, catering and small
business customers," said Chief Executive Charles Wilson.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
July 05, 2017 02:25 ET (06:25 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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