US EditionLidl profits more than triple as shoppers switch from rival supermarkets
- Lidl has reported a three-fold increase in profits due to shoppers switching from rival supermarkets during the rising cost of living.
- Sales rose by 7.9% to £11.7 billion for the year ending February 28, compared to the previous year.
- Pre-Tax profits more than tripled to £156.8 million from £43.6 million a year earlier.
- Ryan McDonnell, Lidl GB Chief Executive, confirmed that Lidl benefited from millions of additional customer visits as shoppers chose Lidl over competitors.
11 Articles
11 Articles
Lidl profits soar amid overall sales boost
German discounter Lidl saw profits triple in its latest annual results, as it held onto its title as the UK’s fastest growing supermarket. Pre-tax profits swelled to £156.8m for the year to 28 February, as operating profit jumped from £220.8m to £314.1m. It pulled in a 7.9% overall sales boost during the year to £11.7bn, with £400m in revenue growth from shoppers directly switching from rivals as well as £500m from customer loyalty. The retailer…
Lidl sees PBT triple to £156.8m as sales rise
Lidl GB has seen its pre-tax profits more than triple to £156.8m, up from £43.6m the previous year, as strong sales growth and higher customer visits lifted performance across its stores. Revenue increased 7.9% to £11.7bn, with the discounter citing its efficiency model and strategic investment as key drivers. Operating profit also rose to £314.1m from £220.8m. Lidl said it comes as 38 million more customer visits were made during the year, whil…
Lidl GB reports strong revenue and profit growth for year to end February 2025
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Lidl GB has today issued its Full-Year accounts highlighting the scale of its growth in the last financial year, all while continuing to invest in colleagues, suppliers and communities across Great Britain. During the period, 38 million more customer visits were made to the discounter than in the year prior.…
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