Strong performances by food stores and travel branches have helped Lincolnshire Co-op record a 4.2% sales increase its half year results.
Total sales went up by 6.2 million to 153 million inside half year to March 4th 2017 in comparison to the same period last year.
Sales rose in food stores by 7%, helped with a busy investment programme who has seen outlets revamped, new food ranges introduced with more focus on chilled products and meal solutions, plus new items like Costa Coffeemakers, in-store bakeries and hot food-to-go.
World events and uncertainties about restrictions away destinations meant travellers sought the expert, independent advice and financial assurance that Lincolnshire Co-op’s 13 travel branches provide. Sales went up by 14%.
More people decide to entrust their funeral arrangements to your Society’s funeral homes, which saw income increase in the half year.
Pharmacies dispensed a lot more than 2.7 million prescriptions, an expansion on this past year. And numerous general consultations, the teams also provided vital health services to in excess of 11,500 people including NHS Medicine Reviews, NHS New Medicine Service appointments, flu vaccinations, health checks and forestall smoking clinics.
Despite this strong performance, significant cuts to pharmacy income received for dispensing prescriptions experienced an effect on Lincolnshire Co-op’s bottom line.
Group trading surplus for the half year was 8.5 million, well well before budget though lower than the very last half year’s 10 million.
Another factor has become the planned significant investment in the Cornhill Quarter increase in Lincoln city centre. Work going on the historic Corn Exchange building in September 2016 along with the first tenants will open their doors later this coming year.
The Society continually buy its services to the advantage of members and customers. Over 10 million has been devoted to capital projects this half year including opening a different food market in Goxhill, in North Lincolnshire, and making a community hub in Holbeach featuring a library, pharmacy, postal office shooting and also a revamped super market.
Every time an associate shops from a Lincolnshire Co-op outlet, a donation is built to an effective cause throughout the Community Champions scheme. Staff fundraising and the carrier bag levy also enters into the pot.
During the half year, 103,000 was split between many hundreds of smaller local charities and community groups. The Society also donated 290,000 valuation on support to 14 charities tackling homelessness.
Lincolnshire Co-op has additionally stepped inside sustain health walks in Lincoln, East Lindsey and South Kesteven and it has employed a fanatical Community and Health Walks Co-ordinator. The disposable walks boost people’s fitness and wellbeing.
13,750 sign ups joined Lincolnshire Co-op bringing the total wide variety of dividend card holders to 273,000.
Chief Executive of Lincolnshire Co-op Ursula Lidbetter, said: “We’re happy about our performance this half year, with sales growth over the business enabling us to remain buying our services plus the community.”