In This Issue
Glee and Pawexpo 2020 at the NEC will not take place this year
Mixed plans for garden centre catering re-openings - UPDATED
The Duchess of Cambridge creates more gardening media coverage with visit to Childrens Hospice
Flaming June – phew what a scorcher!
#FloralFriday for Greenfingers supports Children's Hospice Week
June is a record for growing media – even with a week to go!
Fund created for Westland accident victims family has raised £1,645 so far
Gardenex & PetQuip members praise new member benefit from social media experts
HTA survey reveals larger retailers are importing more bedding plants than last year
Sell Online Quickly, Easily and Cost-Effectively with GrowNation
Aquatic retailers asked to sign-up for eco-friendly pond pump recycling scheme
EGO launches rear roller & mulching kits
Merchandiser/ Area representative
Plant Area Manager, Goonhavern Garden Centre, Cornwall.
Get your own copy of GTN Xtra
Feed me, feed me more
Grow your Own up 256% on last year
Business not quite as usual for GROEN-Direkt
Grow your Own drives up plant sales
The best of last week's
Blue Diamond report £14.4m profit from 42% increased sales of £181.6m
Royal visit sends garden centre media coverage into the stratosphere
Anything and everything being purchased for the garden
Pots are the key to lockdown gardening
Garden centre sales increase despite all other retail re-opening
Garden Centre Photo Tours
Haskins Snowhill re-opens after £15m re-vamp
SBM Life Science reinvents its marketing strategy and announces key appointments in Europe
Bestsellers Top 50 charts every week
Buy your subscription to GTN Bestsellers
Situations Vacant
Merchandiser/ Area representative
M4 Corridor Oxford/Buckinghamshire/Berkshire, Full-time, £21k pa
 
Read more»
Plant Area Manager, Goonhavern Garden Centre, Cornwall.
Full time, permanent, £21k - £24k depending on experience
 
Read more»
Send us your news and great ideas

Contact us with your news.

Email trevor.pfeiffer@tgcmc.co.uk or call the GTN News team on 01733 775700


Blue Diamond report £14.4m profit from 42% increased sales of £181.6m

Blue Diamond Garden Centres have published their Report and Accounts for 2019 with headline numbers of turnover up 42% to £181.6m and profits before tax up by £3.5m to £14.4m.

 

In his managing Directors Report, Alan Roper explains: "Within this figure restaurant sales grew from £22.6m to £34.4m in 2019. Restaurant sales grew 7% on a like-for-like basis. Due to acquisitions restaurant sales have more than doubled over the past two years from £16m in 2017 to £34.4m in 2019.


"In September 2019 we acquired a further seven Wyevale sites, which generated £5.1m sales in the last quarter. These sites, which historically generated £18.5m of turnover, have the potential to reach sales of £30m over the next five years."

 

After the turmoil of the COVID-19 crisis Simon Burke, Chairman of Blue Diamond reported: "It is difficult to provide commentary on our prospects without engaging in guesswork. Many factors, including the future of restaurants, the duration of social distancing measures, the overall state of the economy, and our old acquaintance the outcome of the Brexit process, are all factors which will affect our business but which are impossible to predict.


"However, I do expect the coming months to be challenging for us. We will have much work to do to get the business back on a firm footing, from which it can resume its growth story. Debt reduction and a strong capital base will be our priority, and so cash conservation will be a key theme for some time to come.


"What we have seen, however, is the resilience of the Blue Diamond business in the face of a very severe shock, its ability to draw customers even in a difficult environment, and the energy and enterprise of the team to respond creatively to the challenges they have faced.


"These factors give me confidence that we will weather whatever lies in store for us, and do what it takes to ensure that Blue Diamond will come out the other end strong and prosperous once more."

Alan adds: "We have a pipeline of growth projects stretching over a 3- to 4-year period, which will generate a further £89m turnover. The sixteen former Wyevale sites will generate a further £57m turnover so there is enough existing realisable opportunity for the Group to reach £326m over the years to come.


"Success is delivered by being strategically ahead of your competitors and ensuring that you position yourself through qualitative points of difference to be the first and most loyal choice of your customer. Blue Diamond operates to that standard. I thank my team for choosing to be a part of this successful journey and to whom we owe our success."

 

Read the full report using this link

 

Facebook Twitter LinkedIn Del.icio.us Digg | Comment (0)
Comment
Name:*

Email Address:*

Comment:*