RNS Number : 3637Z
Booker Group PLC
13 January 2011
13 January 2011
Booker Group plc
Quarter Three Interim Management Statement
In the 16 weeks to 31 December 2010 total sales rose by 7.2% and like-for-like sales rose by 5.4%. Non-tobacco like-for-like sales rose by 5.5%, while like-for-like tobacco sales increased by 5.1%.
Despite both the catering and retail markets experiencing a challenging quarter, due in part to the poor weather, Booker grew sales, customer numbers and average spend per customer through improving choice, price and service. Fresh departments did particularly well with fruit and vegetables up 54%.
Ritter-Courivaud and Classic, the two acquisitions we announced in October 2010, are performing in line with expectations. Our performance in India is on track and we expect to open our second branch in Mumbai and our first joint venture branch in the Spring. Profits and net cash remain in line with expectations.
Charles Wilson, Booker Chief Executive said:
"Booker serves over four hundred thousand independent retail and catering businesses. They have had a difficult quarter in part due to the poor weather. We are grateful that they gave Booker more of their spend during this time and look forward to serving them in the months ahead."
For further information contact:
Tulchan Communications (PR Adviser to Booker Group plc)
020 7353 4200
§ Sales are stated net of value added tax
§ Ritter-Courivaud is a specialist fine foods supplier to leading restaurants, hotels and contract caterers
§ Classic is a specialist 'on trade' wholesaler supplying wine, beer, spirits and non-alcoholic drinks to pubs, clubs and licensed premises
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