January 29, 2015 4:09 PM ET

Food and Staples Retailing

Company Overview of Waitrose Limited

Company Overview

Waitrose Limited, a food retailer, operates a chain of supermarkets in England, Scotland, and Wales. It sells groceries, such as bakery products, milk, meat, fruits and vegetables, beers, wine and spirits, soft drinks and water, household products, tea and coffee, health and beauty products, baby and child products, and pet care products; home and garden products, including cooking products and kitchenware, dining products and tableware, household cleaning products, laundry products, candles, newsagents and stamps, office and stationary products, and tights and socks; and flowers and gifts. The company also engages in made-to-order food service catering. It serves cakes, party foods, sandwic...

Doncastle Road

Southern Industrial Area

Bracknell,  RG12 8YA

United Kingdom

Founded in 1904

Phone:

44 1344 424 680

Fax:

44 1344 824 978

Key Executives for Waitrose Limited

Managing Director
Age: 53
Head of Buying for Chilled
Head Buyer of Bakery and Food Service
Head of Buying Systems
Head of Technical Support for Waitrose Systems
Compensation as of Fiscal Year 2014.

Waitrose Limited Key Developments

Waitrose Announces Unaudited Earnings Results for the Six Months Ended July 26, 2014; Announces Sales Results for the First Six Weeks of Second Half Year of 2014; Provides Sales Guidance for the Second Half Year of 2015

Waitrose announced unaudited earnings results for the six months ended July 26, 2014. For the period, the company reported revenue of £2,967 million against £4,218.8 million a year ago. Gross sales in the first half grew by 4.1% to £3.15 billion with like-for-like sales up 1.3%. This sales performance was delivered in a period of significant structural change for UK food retail. Operating profit before exceptional item was £145.2 million against £160.2 million a year ago. Operating profit impacted by substantial levels of investment across the business and the market sales slowdown. The decline in profit was mainly as a result of the substantial levels of investment made across the business and, to a lesser extent, the tough market conditions. Like-for-like sales were ahead, despite the market conditions, price investment and strong comparative growth in the same period last year. Profit before tax was £145.2 million against £160.2 million a year ago. The company announced that it expects sales at Waitrose will continue to outperform their respective markets in the second half of 2015, reflecting the strength of both brands. The company announced that for the first six weeks of the second half of 2015, Waitrose gross sales have increased by 5.2% (0.9% like-for-like, excluding petrol).

Waitrose Limited Opens its King's Cross Station Branch in London

Waitrose Limited announced that it has opened its King's Cross Station branch in London. The new branch, which has created 75 new jobs in the area, will provide an offer specifically designed to cater for commuters' needs, including a selection of Waitrose products and services, including a bakery, fresh fruit and vegetables, a range of take-away hot sandwiches and snacks, and hundreds of everyday items. The new station shop will complement a new 21,000 sq ft Waitrose supermarket and Waitrose cookery school, which is currently being built as part of the redevelopment taking place around the station. The scheme received approval in July 2014 and is expected to open in spring 2015.

Waitrose Limited Opens New Branch in Notting Hill

Waitrose Limited has opened a new little Waitrose branch in Notting Hill. The new shop will provide local residents in Notting Hill with the latest Waitrose offer, including a bakery counter, fresh fruit and vegetables, a range of take-away sandwiches and snacks, and hundreds of everyday essential items.

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