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
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.