BWG Foods increase sales by 3%

BWG Foods grew its group sales by more than 3% according to The Irish Times.

BWG Foods – owner of the Spar, Eurospar, Mace, Londis and XL brands in Ireland saw sales increase to €874 million in the six months to the end of March 2021. Operating profits rose by 27% to €36 million, for its 1,400 owned and franchised stores.

BWG’s results were the cream of the crop from the interim results reported in South Africa by its stock-market-listed parent company, The Spar Group (TSG).

TSG told its investors that BWG had delivered a “strong result” despite the “maximum level of lockdown” for the latest quarter. While hospitality and foodservice business had been badly affected, as well as city-centre convenience stores, TSG said this was more than made up for by a jump in its wholesale and neighbourhood outlets. The 3.3% euro sales rise translated into a 13.3% rise in Rand.

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