A.F. Blakemore & Son has reported a 65% increase in its EBITDA for the financial year in April 2023 and a 3.9% sales increase.
It said investments in fresh food to go, fresh food for later categories and new to market product launches like Prime Hydration has made notable increases to its like-to-like sales.
Chairman Peter Blakemore praised the results over the past year. “The group has demonstrated fantastic resilience, despite facing national supply chain challenges last year. This strong growth is largely attributed to our Spar retail performance, enhanced by improved stock availability and significant productivity within our supply chain.
“As one of the only independent convenience wholesalers and retailers in the UK, our store teams have delivered exemplary customer service and made a notable contribution to the communities in which we operate.”
Following a reported 12% drop in its carbon emissions, A.F. Blakemore & Son continues to invest in sustainability and technology, including a new facility in Bedford and the recovery of foodservice and wholesale volumes to pre-pandemic levels.
Blakemore paid recognition to his leadership teams. “Our trajectory in the current financial year already reflects an upward momentum. I wish to acknowledge and thank our dedicated colleagues, loyal customers, partners and suppliers, for their continued support.”
The business recently announced a new structure, with Matt Teague promoted to managing director, retail - overseeing both Blakemore Retail and Blakemore Trade Partners.
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