Leading UK independent food and grocery wholesaler, Bestway has reported its annual figures for the year to 30 June 2017, showing sales down 2.2% to £2,130m. Performance was impacted above all by the sector-wide decline in tobacco sales. With tobacco excluded, sales were up 1.9%. Pre-tax profit rose to £23.2m.
Symbol group showing strong growth
Bestway's Best-one symbol group has expanded rapidly in recent years, and now has around 1,500 member stores. Wholesale sales to the group have grown proportionately, up 12.9% over the 12 months and 19.7% across non-tobacco categories.
Online sales above £300m
Bestway's online ordering platform now has 62,000 registered users (over 60% of its total customer base), and sales through it rose by 12%, averaging £26m a month. Mobile ordering through its app is growing ahead of online as a whole, accounting for nearly 25% of all transactions, compared to 15% in the previous period.
Martin Race, Managing Director, Bestway Wholesale commented:
'These latest set of results puts Bestway Wholesale back on track after a year of investment in 2015/16. We have seen customer satisfaction scores, promotional sales and margins all increase, while following our strategic commitment to operate for less.'
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