Warm weather boosts Booker sales by 4.2% in Q1

Booker has reported a 4.2% rise in like-for-like sales for the 12 weeks to June 16, boosted by a late Easter and warm weather.

Non-tobacco sales were up 9.6% on a like-for-like basis, while tobacco sales were down 7.9% as changes in tobacco legislation (EUTPD II, plain packaging) continued to impact trading.

Speaking at Booker’s annual general meeting today, chief executive Charles Wilson said: “Overall, Booker Group had another good quarter. Group sales rose by 4% on the same period last year with like for likes up 4.2%.

“Premier continues to grow and we continue to make good progress with Budgens and Londis.”

Booker and Tesco announced last week that they had asked the competitions regulator to ‘fast-track’ its investigation into their proposed £3.7bn merger, with a decision expected within two weeks.

Wilson added: “On 27 January we announced the planned merger with Tesco and we are currently going through the review process with the Competition and Markets Authority.

“As a result of the proposed merger, we are in an offer period as defined in the Takeover Code and will not be making forward looking statements for the duration of the offer period.”

 

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