Conviviality delivers ‘strong’ performance
Bargain Booze owner Conviviality has reported that group unaudited revenues in the 26 weeks to 30 October were 211% ahead of last year at £783 million.
The figure includes revenues from the group’s acquisitions of Matthew Clark in October 2015, Peppermint in December 2015 and Bibendum Group in May 2016.
Conviviality Retail, its franchised off licence and convenience chain trading under the Bargain Booze, Bargain Booze Select Convenience and Wine Rack fascias, increased its revenue by 2.5% to £189 million in the period. However, like-for-like sales fell by 1.7% although stores opened since 2012 traded well with like-for-like store revenue up 1.1%.
Diana Hunter, chief executive of Conviviality, said: “I am pleased that the group has delivered this strong performance across all divisions during such a transformational period. This further demonstrates the teamwork and dedication of all of our people in maintaining excellent levels of service to their customers. The organic growth in each business unit demonstrates that existing and new customers are increasingly recognising Conviviality as the leading solution provider and distributor to the UK drinks market.”
The company said the integration of Matthew Clark and Bibendum Group was progressing ahead of plan and that the company is continuing to perform in line with market expectations for the 52 week period ending 30 April 2017.
Conviviality will announce its half year results for the 26 weeks to 30 October 2016 on 30 January.
