RE: News1 Oct 2025 07:20
The numbers are solid…year to date 6.7% sales increase…..
Q3 highlights
· Total sales up 6.1% for the 13 weeks to 27 September 2025, and 6.7% year-to-date
· Company-managed shop like-for-like* sales up 1.5% for the 13 weeks to 27 September 2025, and 2.2% year-to-date
· Improved trading in August and September following heat-affected July
· 130 new shop openings in the year-to-date, 73 closures (including 39 relocations), resulting in 57 net new shops opened
· Expect around 120 net shop openings in 2025 with a strong pipeline for Q4 and into 2026
· Bake at Home range now in 930 Iceland and 820 Tesco stores and online
· Marginally improved outlook for cost inflation in 2025
· Board's expectation for the full year outcome is unchanged, and we remain clear on the strategic opportunities that lie ahead
* Like-for-like (LFL) company-managed shop sales performance against comparable period in 2024
Year end is unchanged so to me these are extremely positive!!!!!
BRV Capricorn