February 27, 2015 8:47 AM 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, Prepared and Frozen Foods
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 Reports Sales Results for the Five-Week Period Ended January 3, 2015

Waitrose reported sales results for the five-week period ended January 3, 2015. The company has reported that like-for-like sales for the five-week period ended January 3, 2015 increased 2.8%, compared to same period of 2014. Total sales for the five weeks ended January 3, 2015, were GBP 728 million, an increase of 7%, compared to same period of 2014.

Waitrose to Create 2,000 New Jobs in UK

Waitrose announced creating close to 2,000 jobs in new stores as well as existing ones. Most of the jobs would be spread over these new and existing shops as well as in a new e-commerce grocery depot coming up in south London that is being built to accommodate the demands of increasing online grocery shopping. The company announced opening of 14 new stores in 2015, out of which half will be smaller convenience outlets that are expected to come up in Heathfield, East Sussex and a further six locations yet to be announced in the south east.

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).

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