Lidl swings to loss following ‘significant’ investment on price


Lidl has swung to a full-year loss, despite acquiring over 1 million new customers and its revenues soaring.

In the 52 weeks ending February 28, 2023 Lidl reported a loss before tax of £75.9m, compared to profits of £41.1m for the 2021/22 full year.

Sales for the period were up 18.8% to £9.3bn, while earnings before interest and tax slipped to £28.5m, down from £79m pre

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