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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.

2 days 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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KahawaTungu

Coop bank reaps amid shaky financial market - KahawaTungu

Cooperative Bank of Kenya is celebrating its historic high pre- tax profit of Sh34 billion for the financial year ended 2024. The upbeat performance casts an impressive 7.5 per cent increment from the 2023 score of Sh32.5. Taxes however revised the margin to a still impressive of Sh25.5 billion in the fiscal year. Group Managing [...] The post Coop bank reaps amid shaky financial market appeared first on KahawaTungu.

16 hours ago·Nairobi, Kenya

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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

1 day 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.

1 day ago

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