Booker Group PLC AGM & Q1 Trading Update (3168D)
July 06 2016 - 2:00AM
UK Regulatory
TIDMBOK
RNS Number : 3168D
Booker Group PLC
06 July 2016
For Immediate Release
6 July 2016
Booker Group plc ('Booker Group')
Annual General Meeting and Quarter One Trading Update
For the 12 weeks to 17 June 2016
Booker Group, the UK's leading food wholesaler, is holding its
Annual General Meeting at 11am today. At the meeting, Chief
Executive Charles Wilson will read out the following Trading
Update:
"Overall Booker Group had another solid quarter. Group sales,
including Budgens and Londis, rose by 10.0% on the same period last
year. Booker Wholesale with Makro, our cash and carry business, had
a good quarter for customer satisfaction and cash profit. Non
tobacco sales reduced by 0.7% on a like-for-like basis. These sales
were impacted by deflation in food prices and many customers
reporting weak consumer demand during the period. Tobacco sales
continued to be adversely impacted by the ban on small stores
displaying tobacco products, down 7.7% like-for-like. Booker
Direct, Chef Direct, Ritter and Booker India performed as we
expected. Premier continues to grow and we made good progress with
the integration of Budgens and Londis.
Total Tobacco Non Tobacco
% % %
-------------- --------------------- ------ -------- ------------
Total
(including Budgens
Booker Group & Londis) 10.0 6.4 11.7
-------------- --------------------- ------ -------- ------------
Like-for-like
(excluding Budgens
Booker Group & Londis) (2.9) (7.7) (0.7)
-------------- --------------------- ------ -------- ------------
Our balance sheet remains strong with a net cash position. As
previously announced, we are today seeking shareholder approval to
implement a capital return to shareholders of 3.20 pence per
ordinary share at a cost of approximately GBP57m.
Booker Group remains on course to meet expectations for the year
ending 24 March 2017."
Charles Wilson, Chief Executive, said:
"Booker Group continues to make good progress. Our plans to
Focus, Drive and Broaden Booker Group are on track. Budgens and
Londis joined the Group last September and are making a solid
contribution. We continue to enhance choice, price and service for
our retail, catering and small business customers and look forward
to growing with them in the year ahead."
Note:
Sales are stated net of value added tax
ENDS
For further information contact:
Tulchan Communications (PR Adviser to Booker Group plc)
020 7353 4200
Susanna Voyle
Charlotte Church
This information is provided by RNS
The company news service from the London Stock Exchange
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