CJ Lang & Son, the Scottish SPAR wholesaler and convenience retailer, has posted strong annual results, although it warned that its current financial year has been tougher due to the poor summer weather and rising operational costs.
The Dundee-based business saw its turnover climb 14.2% to £253m during the 12 months to 28 April 2024, with pre-tax profits rising by 8.0% to £4.0m.
During the year, the company acquired 12 new company stores which have all now been converted to the SPAR fascia. It also invested in several major store refits and rolled out an exclusive Barista Coffee offer. Meanwhile, the introduction of digital screens and electronic shelf edge labels has helped modernise the shopping experience in its stores.
CJ Lang has also been strengthening its supply chain with significant investment in vehicles, equipment and forecasting and demand planning systems to improve product availability.
CJ Lang & Son Ltd CEO Colin McLean said: “We have delivered robust growth over the last 12 months and achieved another year of strong sales and profits. However, this year the summer was against us and the year ahead presents challenges we must be prepared for.
“Rising operational costs, combined with changing consumer habits and supply chain unpredictability are critical factors that will continue to shape the year ahead.”
He added: “We have had another strong year, but we cannot rest on our laurels. As a genuinely Scottish family-based business, we are well positioned to continue our journey to meet the needs and support of our customers with the best that SPAR Scotland can offer.”
NAM Implications:
- Strong results.
- The key is ensuring you have secured and can maintain your fair share of sales and investment…
