Booker Group announces quarter two trading results
Booker Group, Britain's biggest wholesaler, has announced a strong second quarter performance with total sales in the 12 weeks to 12 September 2014, including Makro, up by 0.1% on the same period last year with non-tobacco sales up by 3.1%.
Total sales in the 24 weeks to 12 September 2014, including Makro, rose by 1.9% on the same period last year with non-tobacco like-for-likes up by 3.4%.
The results show that customer numbers were up and that sales are in line with expectations with the delivered wholesale business continuing to make progress.
Charles Wilson, chief executive of Booker, said: "Booker Group continues to make good progress. This was a good quarter with Booker non-tobacco like-for-like sales up by 3.1%. Our plans to focus, drive and broaden Booker Group are on track."
According to Reuters, shares in the company jumped 4.5% to 121.5 pence on the morning trade on Thursday 18 September on the London Stock Exchange. Booker's financial position remains strong with a net cash position of £107m.
