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Sales at Bidfood affected by coronavirus-hit final three months of financial year

According to results filed this week, turnover had been outperforming the previous year up until the start of the pandemic ....

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Booker sales surge despite Covid catering impact

Retail sales soared 18.5% while the Best Food Logistics division suffered a 41% sales decline
Booker sales surged 10.5% for the year to 27 February despite its catering division taking a major Covid-19 hit.
According to figures included in parent company Tesco’s preliminary results last week, the wholesale giant enjoyed a 18.5% jump in retail sales as more shoppers turned to convenience stores during the crisis and increased their basket spend.
This partially offset the blow to Booker’s foodservice division, Best Food Logistics.
It saw sales decline by 41% as a result of its hospitality and leisure customers being shuttered for the majority of 2020. ....

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Tesco's Share Price Drops As Costs Dent Profits.

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Tesco share price is still well below the pre-pandemic levels that we saw in February 2020 despite the business performing very well in the face of some very difficult circumstances.
The Tesco share price has dropped since the announcement of its full-year results, as costs and investments associated with the pandemic dented the supermarket giant s profits
Tesco share price still recovering
After an initially shaky start as supply chains creaked and groaned under the strain of the first lockdown, the entire supermarket sector has been one of the unsung heroes of the pandemic, with management and staff straining every sinew to keep the country fed. ....

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Tesco's Share Price Drops As Costs Dent Profits.

Tesco's Share Price Drops As Costs Dent Profits.
cmcmarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cmcmarkets.com Daily Mail and Mail on Sunday newspapers.

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City snapshot: Tesco profits sink by 28% as Covid costs bite

By Edward Devlin2021-04-14T06:59:00+01:00
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Profits at Tesco have plunged by more than £700m despite sales rocketing as the supermarket incurred Covid-related costs of almost £900m.
Revenues in UK & Ireland climbed 8.8% to £48.8bn in the year ended 27 February 2021 as shoppers were forced to turn to supermarkets during three seperate coronavirus lockdowns.
Online sales increased 77% to £6.3bn as Tesco rapidly increased its capacity in response to surging demand from customers staying at home, with slots doubled to 1.5 million a week.
Total growth at a group level was pushed back to 7.1% as revenues in Europe fell 2.1% and by 31.2% at the Tesco Bank. ....

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