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Now in a fourth edition, our annual barometer presents the financial performance of the world's 10 largest food retailers from 2017 to 2024: Walmart, Costco, Kroger, Seven & I, Target, Ahold-Delhaize, Carrefour, Albertsons, Tesco and Aeon. With the exception of 3 players, most retailers failed to save their margins last year. In terms of e-commerce, all retailers made progress, with some even breaking through the 18% sales share glass ceiling.
4 Key points
- The combined revenue of the Top 10 amounted to US$1.73 trillion. On average, this total grew by 2.7% in 2024. This is less than in 2023, when growth was up by 3%
- Walmart, Costco and Kroger, the 3 largest food retailers in terms of revenue, are the only ones to have improved operating margin and net margin
- While e-commerce failed to exceed 18% of sales in 2023, this ceiling was broken by Target, at 19.6%
- The share of online sales grew the...
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Article authors
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.