So Scotmid, like, totally killed it with their breakfast rolls, baguettes, and pizza sales, which helped them navigate through some rough economic waters during the year ending January 25. Karen Scott, the big boss lady, pointed out that their food to go was, like, the bomb in the convenience sector.
With 182 food stores under their belt, Scotmid managed to pull in a trading profit of £4.3 million despite the economy being a hot mess. The struggles of the cost of living crisis, wage hikes, high interest rates, and global chaos definitely didn’t make things easy.
But Ms. Scott ain’t playin’ around – she’s all about investing in Scotmid Kitchens and bringing in those sales. Oh, and shoutout to the new self-scan gear, tills, and counters for stepping up the game.
Despite the retail world being a bit of a dumpster fire, Scotmid is still out here dropping mad cash on store improvements and new tech to keep the customers happy. It’s like they’re saying, “We ain’t scared of no economic uncertainty.”
Even with Semichem taking a hit due to bad weather and folks cutting back on non-essential stuff, the health and beauty side of things had a lit holiday season thanks to some bomb fragrance sales.
Scotmid’s funeral biz saw some growth after snatching up Fosters Funeral Directors, doubling their funeral home count to over 40 spots. And their property game was strong, with good lease renewals and rent reviews.
Ending the year with a bang, Scotmid racked up some serious cash, boasting £127.2m in net assets. Plus, they kept the charitable vibes going strong, donating big bucks to good causes and teaming up with RNLI and Maggie’s cancer support group.
Ms. Scott gave a shoutout to the squad, showing love for their hustle and success. She’s all about that teamwork, ready to take on whatever challenges come their way.
