JJ Foodservice has reported a drop in turnover to £249.6m compared £270m last year, with profits at £11.2m for the year ending March 31, 2024.
The wholesaler has put this down to challenging market conditions, with the company remaining focused on long-term growth despite high inflation making it challenging for customers to manage costs.
“The past year has not been easy for the restaurant and catering sector,” said JJ managing director, Mushtaque Ahmed, adding that the company will continue to prioritise is quality and service.
Read more: JJ Foodservice achieves yearly sales record of £270m
This approach includes the acquisition of Asian specialist wholesaler Gatelands Supplies to support Thai, Japanese, Korean, and Chinese outlets, and purchasing a freehold warehouse in Wimbledon to better serve premium restaurants.
“The Gatelands acquisition has opened up new sectors and allowed our existing customers to add fresh Asian flavours to their menus – this diversification is key to our growth,” he added. “Our goal is to extend this approach to other cuisines, including Japanese, Korean, Turkish and Italian.”
