Booker Bullish with latest results as Tesco merger gains steam

Credit: Shutterstock.com/ Linda Bestwick

Northants wholesaler, Booker Group, is feeling bullish after it unveiled its latest results, with (non-tobacco) sales rising 5.9%.

The 16 weeks to 29 December 2017 also saw total sales up 3.4% with like-for-like sales rising 3.8%.

According to the Group’s latest trading update, its catering and retail businesses “made good progress”.

Premier continues to grow with Budgens and Londis are “performing well”, it said.

Its ecommerce presence was especially strong, with internet sales increased by 14% to £381 million (excluding Budgens and Londis).

Its India subsidiary is also making progress, the Group said.

However, it’s the Group’s planned merger announced n January 2017 that has

The Group’s planned merger with Tesco (announced in January 2017) is progressing well.

It is currently in an offer period and, as such, declined to make any statements. However, it expects that the shareholder vote to approve the merger will be towards the end of February.

“The proposed merger with Tesco is progressing as planned,” said Chief Exec Charles Wilson.

He added: “Booker Group had another good quarter with like-for-like non tobacco sales up 6.2%.

“We continue to Focus, Drive and Broaden our business to improve choice, prices and service for our customers.”