Booker Reports Marginal Rise in 4Q Same Store Sales
March 30 2017 - 2:44AM
Dow Jones News
LONDON--Food wholesaler Booker Group PLC (BOK.LN) Thursday
reported marginal increase in same store sales for the last quarter
of its fiscal 2017 year, and said total sales for the full-year
will be around 7% ahead of last year.
For the 12 weeks to March 24, the company recorded like-for-like
sales growth of 0.7% and total sales growth of 0.5%. Non-tobacco
same store sales grew by 4.7%, while tobacco sales declined 7.5%
due to the tobacco display ban and new plain packaging
restrictions.
The company, which in January agreed to merge with U.K.'s
largest supermarket chain Tesco PLC (TSCO.LN) in a 3.7 billion
pounds ($4.59 billion) cash and stock deal, said sales for the 52
weeks ended March 24 will total GBP5.3 billion. Like-for-like
non-tobacco sales increased by 2.8% and tobacco sales reduced by
4.6% during the fiscal year, the company added.
Booker operates a nationwide cash-and-carry network of 200
stores, serving independent retailers, catering and small-business
customers and other places where food is available such as pubs and
cinemas. It is slated to publish its fiscal 2017 results on May
18.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
March 30, 2017 02:29 ET (06:29 GMT)
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