A “spectacular” Christmas has helped independent retail farm shop operator Cobbs Farm report double-digit like-for-like sales and profits growth in 2016.
Revenues in the year to 27 December rose 14% to £6.8m and EBITDA climbed 25% to £537,000.
The group, which owns and operates seven retail and hospitality businesses across the UK, said its shops sold almost seven tonnes of turkeys, five tonnes of beef and three tonnes of cheese in the run up to Christmas.
Sales were also boosted by strong growth in its home-grown 2013 Blanc de Noirs English Sparkling Wine.
“The group continues to go from strength to strength against the backdrop of a challenging retail environment and we are particularly pleased with the continued annual performance of the business,” CEO Tom Newey said.
“We feel in a prime position to be able to maximise the exceptional home-grown supplier connections we have developed over the years to help protect the consumer, where at all possible, from any price inflation through 2017.”
Plans for 2017 include building a 7,000 sq ft destination retail site near Reading and expanding the recently acquired butchery operations, as well as in-house food production facilities, to drive future growth.