Costcutter climbs into the black as it hails ‘one of its best-ever years’

By Hugh Radojev2020-05-27T21:21:00

Convenience store group Costcutter has seen its profits climb into the black on the back of a surge in sales of fresh produce in what it described as “one of its best-ever years”.

The retailer reported that EBITDA increased by over £9m in the 52 weeks to December 31, 2019 to finish at £5.1m for the financial year.

The convenience store group, which has over 1,500 independent stores across the UK, said that this profit growth was driven by a surge in total sales, which rose 10% to £426m.

Costcutter noted that during the period, sales in fresh produce grew at “a faster rate than any other category”.

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