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Principale » Booker Group Records Growth in Quarterly Sales

Booker Group Records Growth in Quarterly Sales

14 Septembre 2017

Booker Group PLC on Thursday said sales rose in the second quarter of its financial year.

Non-tobacco sales were up 5.8 per cent while Booker said that both the catering and retail sides of the business performed well.

Booker said non-tobacco sales grew 6 percent on a like-for-like basis in the 12 weeks to September 8 while tobacco sales fell 9.4 percent, hurt by changes in tobacco legislation.

Booker said tobacco sales continued to be hit by changes in tobacco legislation, including the enforcement of plain cigarette packaging, but otherwise its convenience stores are performing well.

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"Our plans to focus, drive and broaden Booker Group are on track", said chief executive Charles Wilson.

Booker said the competition review of the planned merger with Tesco is progressing and it was now going through the review process with Britain's Competition and Markets Authority (CMA).

Tesco's £3.7bn takeover of Booker is undergoing a lengthy investigation by the Competition and Markets Authority (CMA), which opened a "phase 1" probe into the deal in May.

Shore Capital left its rating on Booker at "sell" with a 198p target price, highlighting concerns about the CMA rejecting its planned Tesco merger.

Booker Group Records Growth in Quarterly Sales