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Co-op food sales hit 7 year high

SUPR view:

  • LFL food sales up 4.4%, the highest recorded in 7 years
  • Growth driven by the acquisition of Nisa wholesale
  • Provides ability to supply 4,000 independent Nisa stores
  • Revenue up 14%. Pre tax profit up 27%
  • Overall group growth held back by 1% reduction in funeral business

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