"Lidl UK has revealed their profits have quadrupled to a record £156.8 million last year and in the 12 months to 28 February pre-tax profits climbed compared to £43.6 million the year before."
"Revenues were up by nearly 8% to £11.7 billion, this makes Lidl the fastest growing supermarket chain in the UK."
"Our results reflect the momentum we've built and the trust shoppers place in us. More households are choosing to shop with us more often, because we continue to deliver on our promise of outstanding quality at the lowest possible prices. Over the last year we have continued to operate with our discounter efficiency at the heart of everything we do, all the while investing strategically in areas that will benefit our people, suppliers and communities."
Lidl UK reported pre-tax profits of £156.8 million for the year to 28 February, up from £43.6 million the previous year, representing a fourfold increase. Revenues increased nearly 8% to £11.7 billion. The company became the fastest growing supermarket chain in the UK. More households are shopping with Lidl more often, driven by a promise of outstanding quality at low prices. Lidl maintained discounter efficiency while making strategic investments. Those investments aim to benefit employees, suppliers, and local communities, alongside sustaining growth and consumer trust.
Read at London Business News | Londonlovesbusiness.com
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