Page 3 - Rob Haward News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Alec Mattinson2021-05-07T14:52:00+01:00
Vegetable box provider Riverford Organic Farmers saw a double-digit jump in sales last year after a “phenomenal surge in demand” during the initial lockdown.
Turnover at the Devon-based company jumped 13.5% to £75.7m for the 52 weeks to 30 April 2020 as a spike in demand at the end of its financial year added to strong sales and growing demand in the pre-pandemic period.
Riverford said its staff and franchisees managed to deliver more than 500,000 boxes in just seven weeks as the initial lockdown kicked in.
Rising sales saw underlying operating profit increase from £3.1m to £4.2m. However, its decision to exit its long-standing franchise model incurred exceptional costs of £5.7m, causing it to post a loss of £1.5m for the financial year. ....

Rob Haward , B Corp ,