UK supermarket Booths has released its results for the year to 31st March 2025, with sales increasing by 4.4%.
Overall sales rose by 1.4% (£4.3 million) to £323 million with same store sales increasing by 4.4%, as Booths said that both results were significantly ahead of expectations.
Sales in the year were reportedly “strong” despite peak Easter trading falling outside of the financial year as well as the closure of its Hale Barns store. Booths said that Christmas records were broken with same store sales up 9.3% (on top of +8.7% in 2023) over the three-week trading period to the 4th of January 2024.
Gross profit increased by £3.1 million from £32 million to £35.1 million in the year as a result of the growth in sales offsetting the continued effects of annual national living wage increases where Booths increased base rate pay by 8%.
Overall profit before interest and taxation increased by +25% (+£0.8 million) to £4 million (2024: £3.2 million), with EBITDA increasing by +16% (+£1.4 million) to £10 million (2024 £8.6 million). The group loss before taxation improved by £0.8 million to -£0.8 million (2024: loss of £1.6 million).
The supermarket said it had “continued to invest for the future” with an overhaul of its IT systems, as well as continuing to invest in store formats and renewals.
Executive chairman Edwin Booth said: “We’ve delivered a solid financial performance by remaining true to our purpose to be loved by our customers for inspiring and nourishing their desire for delicious food and drink. Every year brings new challenges to retailing, but Booths continues to thrive with the dedication of our talented colleagues and partners across the business.
“My thanks, as ever, go to our Booths colleagues who remain focused on maintaining Booths as a unique and special retailer, worthy of the title, The Good Grocer.”
