Belgium-based retail group Colruyt has posted rising full-year sales and earnings thanks in part to growth from its namesake supermarket stores.
Go deeper with GlobalData
The company, which owns over 200 stores in Belgium and France, posted an 11.8% jump in operating profit to EUR371.5m (US$500m) for the year to 31 March. Turnover rose 9.1% to EUR5.2bn.
Sales at the Colruyt branded stores rose almost 8% thanks, the company said, to its policy of focusing on low prices.
Sales from stores under the Okay banner saw sales jump 27% with sales from company-operated outlets in France up over 6%. Colruyt warned, however, that growing price competition had put margins under pressure in France.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
