Israeli retailer Blue Square-Israel has reported a fall in first-quarter net profit, due in part to the late date of the Passover holiday this year, but said it would continue to be profitable and increase its market share.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company’s net profit in the quarter fell to 16.1m shekels (US$3.6m), compared to 43.0m shekels in the year-ago period.


“Despite market conditions, we believe we are positioned favourably to maintain profitability and to build long-term market share,” Blue Square president and chief executive Yoram Dar was quoted by Reuters as saying.


Blue Square’s revenues were down 15.3% to 1.23bn shekels.


 

GlobalData Strategic Intelligence

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

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now