A.F. Blakemore & Son has reported a sales increase of 3.9% to £1.24bn with the company putting this down to the recovery of its foodservice and wholesale volumes to pre-pandemic levels and the performance of the Spar retail brand.
EBITDA has also increased from £14.8m to £24.4m for year ending on 30 April 2023 as the wholesaler highlighted improved stock availability and productivity within the supply chain.
Chairman Peter Blakemore (pictured) said: “As one of the only independent convenience wholesalers and retailers in the UK, our store teams have delivered exemplary customer service and made a notable contribution to the communities in which we operate. Spar stores have consistently invested in customer needs for fresh food to go and convenient fresh food for later categories, alongside innovative promotions and new to market product launches, such as Prime Hydration. These initiatives have contributed to a notable increase in like-for-like sales.”
“We remain committed to sustainability and through increased focus and investment in technology, we’ve achieved a 12% drop in carbon emissions. Our trajectory in the current financial year already reflects an upward momentum. I wish to acknowledge and thank our dedicated colleagues, loyal customers, partners, and suppliers, for their continued support,” he added.