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Teract: annual sales down 3% on a comparable basis

(CercleFinance.com) - Teract, the operator of the Gamm Vert and Jardiland banners, among others, has posted sales up 1% to 911.
5 million euros for its 2023-24 financial year, in line with its target of 900 to 950 million, but down 2.9% on a like-for-like basis.

The retail group points to a further increase in the share of food to 16% of annual sales, compared with 10.4% in 2022-23, notably with the full consolidation of recently acquired companies.

In its core garden center and pet shop activities, Teract suffered from a context 'marked in the second half by particularly unfavorable weather and a household confidence index below historical levels'.

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