Profits on the rise for top wholesalers
The Grocer’s wholesale rankings has revealed that profits among the industry’s top 30 businesses have grown by 51.6% in the past year.
The William Reed title’s report looks at the sector to show which wholesalers have had a good – and bad – past 12 months, with Booker still ranking at the top of the pile.
Two thirds of the top wholesalers have seen their profits rise in the period reviewed in The Grocer’s analysis, with Lynas Foodservice and Castell Howell Foods entering the top 30 this year.
Beneath Booker, foodservice specialist Brakes retains the second spot, while Costco Wholesale UK is up one place to enter the top three. Bestway Wholesale and Connect Group have also climbed at the expense of last year’s third-placed wholesaler, Bidfood.
Two of the biggest gainers in terms of profits in the table are JJ Foodservice at 102.8% and United Wholesale Grocers by 117.8%. At the other end of the spectrum, Menzies Distribution has seen a -194.6% decrease and Matthew Clark Bibendum a reduction of 103%. Despite the numbers, Menzies and Matthew Clark remain in the top 10.
To see the full table, visit The Grocer’s website.Bestway Bidfood Booker The Grocer wholesale wholesaler