Booker grows pre-tax profit by 15%, aided by catering sales surge

Booker grew its pre-tax profit by 15% to £174m in the year to 24 March 2017, a period that coincides with the Tesco-Booker merger.

The results show continued overall growth for the wholesale giant, with a -0.6% fall in like-for-like retailer sales offset by a 4.4% increase in catering sales – an area Tesco is eager to tap into as a result of the merger.

Total revenues were up by 6.7% to £5.3bn, with non-tobacco sales up by 8.7%, and tobacco sales up by 2.4%.

Booker CEO Charles Wilson said it will be “business as usual” while the Competition and Markets Authority (CMA) considers the merger, with the business still expecting Tesco’s acquisition to be completed by early 2018.




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