Waitrose has reported a 5% rise in profits to £244m for the year to 27 January, on sales up 11% to £3.7bn, with like-for-like growth at 5.3%.
Chairman Sir Stuart Hampson said: “It's been another year of successful growth for Waitrose, with branches being acquired from both Somerfield and Morrisons including two in Scotland and the additional purchase of a new distribution centre in Aylesford.”
Hampson said the like-for-like growth was ahead of the overall market performance of 4% and was “a credit both to the standards of presentation and customer service achieved in our shops”.
He said greater scale delivered advantages in terms of buying and central costs, with Waitrose experiencing significant waste reduction due to a new stock management system.
Waitrose's parent company The John Lewis Partnership, reported pre-tax profit up 27% to £319m, on sales up 11% to £6.4bn.
Chairman Sir Stuart Hampson said: “It's been another year of successful growth for Waitrose, with branches being acquired from both Somerfield and Morrisons including two in Scotland and the additional purchase of a new distribution centre in Aylesford.”
Hampson said the like-for-like growth was ahead of the overall market performance of 4% and was “a credit both to the standards of presentation and customer service achieved in our shops”.
He said greater scale delivered advantages in terms of buying and central costs, with Waitrose experiencing significant waste reduction due to a new stock management system.
Waitrose's parent company The John Lewis Partnership, reported pre-tax profit up 27% to £319m, on sales up 11% to £6.4bn.
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