Blue Diamond posts 2023 accounts

by | Jun 7, 2024 | Business, Centre News, Features, News | 0 comments

Blue Diamond posts 2023 figures

The new largest garden centre group Blue Diamond has posted its 2023 accounts which shows a £24.2m profit – a 16% increase on 2022.

Sales for 2023 were £310.6m versus £259.3m last year, a 20% increase on 2022, and a 9% like for like uptake.

This marks an important milestone for Blue Diamond, because it has now become the UK’s largest garden centre business by sales. Apart from the prestige associated with being the market leader, this brings benefits in terms of buying power and also the ability to form significant national partnerships such as that with the National Trust.

Managing Director Alan Roper said: “The figures are quite an endorsement of how strong Blue Diamond is in generating like-for-like sales growth. Our growth over the past 4 years is treble that of the GCA. The one department that is behind the industry is garden furniture, but we have worked on this and expect this year’s performance to be the beginning of clawing back lost ground.

“Core garden centre sales were up 3.7% against the prior year, which although modest in comparison with the industry that is still normalising after the post-pandemic sales boom, is nearly a 6% positive variance. You can see in the table below consumer demand for gardening and garden furniture products is yet to return to normal levels. Total group sales rose to £311m, a landmark performance that makes us the largest Garden Centre Group in the UK.

“Inflation moderated significantly in 2023 (as predicted in last year’s report), meaning that volumes were only 1% lower than sales. Our average spend last year was £32.44, which is over £5 higher than the industry average (GCA) and is testament to our high standards of customer service and product choice.”

The annual review released by Blue Diamond goes into detail about the refurbishments, the environmental approach and a detailed look at the growth markets.

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