gap insight
Home / November/December 2017 / Revenues up a tenth at Bargain Booze Owner
28 November, 2017

Revenues up a tenth at Bargain Booze Owner

Posted in : November/December 2017 on by : gap personnel

Revenues have climbed by a tenth at Bargain Booze owner Conviviality fuelled by rising sales across all of its business units.

In a trading update for the 26 weeks ending 29 October 2017, Conviviality revealed that group unaudited revenues have risen by 9 per cent to £836m. Conviviality Direct sales increased by 7 per cent to £540m, Conviviality Retail sales rose by 10 per cent to £203m, and Conviviality Trading sales were up by 10 per cent to £93m.

The Crewe-headquartered off-licence and convenience store group continues to perform in line with the board’s expectations for the 52-week period ending 29 April 2018.

Diana Hunter, chief executive of Conviviality, said: “We are pleased to have delivered strong revenue growth during the period. This performance is a direct result of the support and engagement of our valued customers and franchisees across our entire business, our suppliers and global producers and the talented teams who work closely with them.”

Conviviality’s brands include Bargain Booze and Wine Rack.