Farmfoods’ sales have surpassed £1bn for the first time, as it has expanded its store network and added over 200 new employees to its team.

According to recently-filed documents, in the 52 weeks to 30 December 2023, sales at the Scottish-headquartered supermarket jumped 8% to £1.09bn, up from £940m in the 12 months before.

Meanwhile, profit before tax saw a slight rise to just under £23m, up from £22.2m in 2022.

The family-owned retailer also increased its headcount to 4,971 in 2023, up from 4,767 the prior year, as it expanded its store network.

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Farmfoods said: “The group made significant investment in opening new retail stores while also increasing capacity within its distribution function. During the year, the group opened a new ambient distribution centre close to its existing facility in the North West and began work to expand its coldstore facility in the Midlands.

“This investment in infrastructure together with development work being undertaken on store design is a key part of our strategy to continue to develop the business and enhance the experience of both colleagues and customers. There also continues to be significant focus on new product development and the growth of non-food ranges to expand our offering to customers.”

Looking ahead, the group said that it plans to “continue with this investment in shops and distribution centres in the coming year.”

This year, Farmfoods has confirmed the opening of 24 new locations, alongside more than 300 new sites and four distribution centres.