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Get your free copy07 February 2017, 09:19 AM
- The independent retail farm shop operator finished 2016 with double-digit growth in sales and operating profit due to a "spectacular" festive period
The company, which owns and operates seven retail and hospitality businesses across the UK, reported annual like-for-like group sales growth of just under 14 per cent.
The Christmas trading period saw the group sell close to seven tonnes of turkeys, five tonnes of beef and 3 tonnes of artisan cheese.
Sales were further boosted by strong growth in sales of its homegrown 2013 Blanc de Noirs English Sparkling Wine.
This provided the group with EBITDA of £537,00, which is up 25 per cent on 2015. Annual sales in 2016 were £6,800,000.
Tom Newey, chief executive of Cobbs Farm Co. said, ““The group continues to go from strength to strength against the backdrop of a challenging retail environment and we are particularly pleased with the continued annual performance of the business. We feel in a prime position to be able to maximize the exceptional home-grown supplier connections we have developed over the years to help protect the consumer, where at all possible, from any price inflation through 2017.”
Following its successful December trading period, Cobbs Farm Co. is planning to create a new 7,000 sqft destination retail site off of the M4 in Berkshire in 2017, as well as develop its butchery operations and in-house food production facilities, which it states are “key drivers to future growth”.
