With a 9% increase in turnover, Mercadona has strengthened its margin in 2024

On March 13, Mercadona, Spain‘s largest grocery retailer (1,674 stores in Spain and Portugal, 110,000 employees) reported gross sales of €38.84 billion, up by 9%, after a 15% increase in 2023. Despite investments of €650 million made to lower prices and the recruitment of 6,000 staff, net profit increased by 37% to €1.38 billion. The net margin ratio increased by 0.8 points to 3.6%. Available only in Spain, e-commerce grew by 30% to €842 million, representing 2.2% of the total. With 60...