Booker Group hail trading as Makro turnaround progresses

Food wholesaler Booker Group hailed a “good quarter” of trading yesterday after enjoying a sales lift.

Like-for-like sales were 1.9% higher in the 12 weeks to March 28, while revenues were 16.3% ahead on the same period a year earlier including Makro-related income.

Makro joined the Booker Group on April 19 last year following a protracted takeover and the company yesterday said progress was being made in turning around the brand’s fortunes.

Booker yesterday said net cash held had almost doubled to £150m and full-year profits remained in line with expectations.

“Our plans for bringing Booker and Makro together are on track,” Booker chief executive Charles Wilson said.