Value supermarket Aldi has reported an increase in sales alongside a fall in profits, as it announced a record £1.6bn expansion plan in the UK.
Sales increased to £18.1bn in the year to December 2024, up from £17.9bn in 2023, and its latest data showed that sales rose by 4.8% so far in 2025.
Its market share now stands at 10.8% and it is now the UK’s third-largest grocery by value of food and drink sales.
Operating profit fell to £435.5m in 2024, a drop from £552.9m in 2023. Aldi said this was because it continued to “lower prices for customers, invest in infrastructure and increase pay for colleagues”.
It added that sales were increasing due to more families choosing to do their weekly shop in-store, combined with more frequent trips for top-up shops, as it continues to grow its store estate.
Alongside its results, the supermarket announced plans to invest £1.6bn over the next two years to open 80 stores as it plans to meet the UK’s “growing demand” for affordable shopping.
In the next 13 weeks, 21 stores are set to open in locations such as Shoreditch in London, Durham, and Kirkintilloch in Scotland. It confirmed 20 priority locations earlier this year, including Bromley and Ealing in London, South Shields in Tyne and Wear, and Witney in Oxfordshire.
It currently has 1,060 UK stores and plans to scale to 1,500. It also increased store assistant pay twice this year, as colleagues now take home a minimum of £13.02 an hour nationally, and £14.35 within the M25.
Aldi UK and Ireland chief executive Giles Hurley said: “Shoppers are still finding things difficult and that’s why we’re staying laser focused on doing what Aldi does best – offering customers great quality products at unbeatable prices.
“Nobody else is making the same commitment to everyday low prices – no clubs, no gimmicks, no tricks – just prices our customers can trust and quality they can depend on.
“Since we opened our first UK store over 35 years ago, we’ve brought high-quality, affordable groceries to almost 800 towns and cities, but there are hundreds more communities that don’t have an Aldi nearby.
“We’re more determined than ever to meet that demand, and that’s why we’re investing a record £1.6bn over the next two years, to bring Aldi prices closer to millions more customers.”
No comments yet