Booths sales on the rise but profits remain out of reach

By Hugh Radojev2019-09-27T14:00:00

Booths saw sales inch up over the course of the financial year, but profitability remained out of reach for the upmarket grocer.

The Lancashire-based retailer reported a 0.5% increase in revenue to £259.3m in the 52 weeks to March 30, 2019 – the first sales increase for Booths in five years. It also said the sales trajectory of performance against the wider grocery market “continued to improve” towards the end of the year.

However, the upmarket grocer reported a third straight trading loss of £1.2m, though this improved by almost half from the previous year’s loss of £2.2m.

Booths reported a 6.4% increase in EBITDA to £6.9m and its gross margin edged up 0.2% to 9.1%.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Two free article views per calendar month on Retail-Week.com
Detailed analysis of current trends and events
Exclusive newsletters
In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.