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Co-op sees profits surge but cautions over rising costs

Despite the profit increase, Co-op warns of facing over £200 million in costs due to shoplifting and higher national insurance contributions.
Membership at Co-op grew by 22%, reaching 6.2 million, reflecting its rising popularity in the UK food retail market.

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Daily Express

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Co-op posts huge £161m profit as food sales jump to £7.4bn

This supermarket has seen a huge increase in popularity.

1 day ago·United Kingdom

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Evening Standard

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perspectivemedia.com

Lean Right

Co-op sees profits surge but cautions over rising costs

The member-owned mutual reported pre-tax profits of £161 million in 2024, up from £28 million in 2023.

2 days ago·London, United Kingdom

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RetailWit

Co-op reports huge profit rise and Nisa market share hold against challenges – RetailWit

Co-op released its finanical results today (3 April) showing a significant increase in group profit and further reductions in group net debt. Profit before tax is up by £133m to £161m (2023: £28m) and Membership growth is up 22% to 6.2 million on track to… This story continues at Co-op reports huge profit rise and Nisa market share hold against challenges Or just read more coverage at Talking Retail

18 hours ago

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retail-insight-network.com

Co-op sees food revenue and operating profit increase in 2024

The food retail division of British co-operative Co-op has delivered a revenue increase of 1.9%, reaching £7.4bn ($9.7bn) for FY24.The post Co-op sees food revenue and operating profit increase in 2024 appeared first on Retail Insight Network.

19 hours ago

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Flying Eze

Britain’s shoplifting epidemic cost Co-op £80MILLION last year...

THE Co-op lost £80million to theft last year, as the shoplifting epidemic shows little sign of ending.Bosses at said despite spending £200milli...

1 day ago

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kamcity.com

Co-op Delivers Growth Against ‘External Headwinds’

Co-op has reported a jump in annual profits after making good progress with its new strategy and “right-sizing” of the business. However, it warned of continued external pressures and volatility, with broader geopolitical issues, the introduction of both EPR charges (more…) The post Co-op Delivers Growth Against ‘External Headwinds’ appeared first on KamCity.

2 days ago

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