Trading Statement
13 Noviembre 2003 - 1:00AM
UK Regulatory
13th November 2003
Half Year and Quarter 2 Trading Statement for the 2003/04 Financial Year
Somerfield plc ("Somerfield" or the "Group")
Somerfield today announces its second quarter trading statement in respect of
the like- for-like sales performance for the interim period of 28 weeks ended
8th November 2003.
% Like-for-Like Sales
Fascia Q1 Q2 H1 Last Year
16 weeks 12 weeks 28 weeks 28 weeks
Somerfield* +2.0 +2.6 +2.2 +0.4
Kwik Save -1.5 -0.2 -1.0 +1.3
Group +0.5 +1.4 +0.9 +0.8
Kwik Save moved back into positive like-for-like sales growth towards the end
of the first half.
Commenting on the performance John von Spreckelsen, Executive Chairman, said:
"The performance of the Somerfield stores continued to improve, benefiting from
good growth achieved from the refit programme.
Similarly, in Kwik Save, the store investment programme has been rolled out to
32 stores in the first half of the year (14 trial stores at the end of last
year) which are showing encouraging growth. However, this represents only a
small part of the overall Kwik Save estate of 649 stores.
The renewal programme for both fascias is continuing with pace."
Interim results will be published on 21st January 2004.
*Note:
Electronic top up of mobile phones has largely replaced phone card sales. If
the full value of the top up sales was recorded within sales, rather than the
commission element, like-for-like sales for the first half would have shown an
uplift to 2.8% for the Somerfield fascia and 1.2% for the Group.
For further information please contact:
CardewChancery 020 7930 0777 Anthony Cardew or Sofia Rehman
Somerfield plc 0117 935 7216 John von Spreckelsen, Executive Chairman
Steve Back, Group Finance Director
END