SPAIN’S main grocery store chain Mercadona posted report internet earnings final 12 months of €1.3 billion.
That was an increase of 37% on 2023 and an all-time excessive in its virtually 50-year historical past of buying and selling.
Gross sales continued to develop reaching €38.8 billion- an annual enhance of 9%.
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The Valencia-based enterprise declared its outcomes on Tuesday in its residence metropolis throughout a information convention hosted by its chairman-owner, Juan Roig, who described the figures as ‘spectacular’.
Spain’s decrease inflation price helped to account for the sturdy enhance in Mercadona’s income.
Juan Roig identified that revenue rose regardless of the common value of a purchasing basket on the retailer falling in 2024 by 2%- an equal of €6.
Throughout final 12 months, Mercadona lower costs in February and July at a value of €150 million, decreasing costs on round 1,000 gadgets with an annual saving of €150 per basket.
“Uncooked materials costs have carried out higher and we all the time decrease or elevate costs primarily based on that issue,” stated Roig.
“Mercadona is doing very, very effectively. Why? As a result of we’re in two international locations the place the economic system works very effectively, Spain and Portugal. And since we’ve a terrific mannequin and we make many selections, courageous, generally unpopular and annoying,” he added.
Mercadona ended 2024 widening the hole on its rivals, going as much as a 26.6% of the nationwide operator market share- up 0.5%- in accordance with Kantar Worldpanel.
It’s share determine was greater than Carrefour, Lidl, Eroski and Dia mixed.
