One Stop sales grew 10.8% to £1.3bn for the year ending 24 February, as the business added 26 more franchise stores to its estate.
Newly filed accounts on Companies House said the Tesco-owned retailer remained committed to “helping independent retailers grow their business and developing the franchise model”.
One Stop also added 11 new stores to its company-owned estate, bringing it to 733 overall. These stores created £1.1bn in turnover.
Sales from its franchise estate, which now consists of 317 stores, added £217.3m to the business’ revenue.
It also enjoyed a 43.1% jump in pre-tax profits to £22.1m.
However, the business said it remained aware of the “heightened level of geopolitical uncertainty”, including organised crime and cost of living, affecting the economy.
“The company continues prioritising the safety of its colleagues and customers in the event of such incidents,” the accounts said.
“The company understands the short-term risks and impacts, and has the right teams, governance mechanisms, customer offerings and strategies in place.
“However, the long-term impacts remain uncertain, and the company will continue to monitor the geopolitical landscape closely and respond accordingly.
“Further, the company will also continue to assess and monitor the potential risks and impacts on the company and its stakeholders as a whole, while taking mitigation measures to address challenges as appropriate.”
One Stop also donated £600,000 to charities and invested £100,000 on hampers for its “most vulnerable customers”, with activity focused in April and December last year.
“Through our partnership with FareShare and local food banks, our generous customers and colleagues enabled us to donate 1,054,524 equivalent food bank meals, as well as volunteered 42,811 hours of colleagues’ time in our communities,” the accounts said.
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