Half of Pre-tax Losses Reduced and Record Christmas Sales
- Luxury supermarket Booths saw losses halved in its latest annual results
- Pre-tax losses dropped from £1.6m to £846,000 for the year to 31 March 2025
- Sales rose 1.4% from £318m to £323m due to increased footfall and basket spend
- Record Christmas revenues grew by 9.3% during the 2024 quarter
- EBITDA increased by £1.4m to £10m, excluding profits on disposal of property interests and other assets
- Booths credited its performance to exceptional service, food quality, and shopping experiences
- Investments in IT overhaul and store expansions in Knutsford, Scotforth, and Barrowford
- Loyalty prices rolled out for 300 own-label lines as part of a revamped reward program
Luxury supermarket Booths has reported a substantial improvement in its latest annual results, with pre-tax losses dropping from £1.6m to £846,000 for the year ending March 2025. Sales increased by 1.4% to £323m due to higher footfall and basket spend, partly attributed to inflation. The supermarket also experienced a record-breaking Christmas quarter with revenues growing by 9.3% during the three-week trading period to January 4th. EBITDA, excluding profits from property disposals and other assets, soared by £1.4m to £10m. Booths attributed its success to exceptional service, food quality, and shopping experiences. The Northern retailer is investing in IT overhaul and store expansions in Knutsford, Scotforth, and Barrowford. Executive Chairman Edwin Booth credits the performance to staying true to their purpose of inspiring customers’ desire for delicious food and drink. Despite challenges in retailing, Booths continues to thrive with dedicated colleagues and partners. The supermarket introduced loyalty prices on 300 own-label lines as part of a revamped reward program.
Factuality Level: 5
Factuality Justification: The article provides accurate and objective information about Booths’ financial performance, including losses, sales growth, and strategies for future growth. It also includes relevant details about the company’s performance during specific periods such as Christmas quarter and Easter trading. However, there are some minor issues with dates (e.g., 2025 and 2024) that could be corrected to improve factuality.
Noise Level: 4
Noise Justification: The article provides relevant information about Booths’ financial performance and highlights its growth in sales and EBITDA. However, it contains some minor repetitive elements and includes a brief mention of unrelated retail rebrands at the end which may not be directly connected to the main topic.
Financial Relevance: Yes
Financial Markets Impacted: The financial performance of luxury supermarket Booths
Financial Rating Justification: The article discusses the improved financial results and performance of the luxury supermarket chain Booths, including reduced losses, increased sales, and growth in EBITDA. This information is relevant to financial topics as it pertains to a company’s financial health and can potentially impact investors or competitors in the retail industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
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