Co-op profits climb driven by cost-saving efforts
The Co-op has reported “robust” sales performance as it swung to an operating profit driven by cost savings during the period.
For the 26 weeks to July 1, 2023, the grocer reported a £0.2bn decrease in revenues to £5.4bn, while underlying EBITDA was up £27m to £226m.
Underlying operating profit at the Co-op during the period was also up £44m to reach £43m, up from a loss of £1m during the same period in 2022.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.
