Coop records sales growth in 2023
Published: Thursday, Jan 4th 2024, 09:50
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Coop achieved total sales of 34.7 billion Swiss francs in 2023. Compared to the previous year, this corresponds to an increase of 1.4 percent, as detailed in a press release issued on Thursday.
Both of the Cooperative Group's large business segments contributed to this growth. Retail sales, which include sales in all Coop supermarkets, specialist stores and online stores, stagnated at 19.9 billion Swiss francs. Excluding fuel, however, Coop recorded growth of 1.0 percent in the retail trade.
Looking only at the Coop supermarkets (including the online store Coop.ch), net sales amounted to CHF 11.8 billion. This is 2.4 percent above the previous year's figure. According to the report, Coop achieved double-digit growth with its own brand Prix Garantie, for example.
In the wholesale and production sector, which includes the Transgourmet Group, which operates throughout Europe, as well as the meat processor Bell and Coop's own production facilities, there was even an increase of 3.8 percent to 16.3 billion Swiss francs. Transgourmet alone generated net sales of 11.4 billion.
Meanwhile, Coop will not provide details of last year's profit until mid-February.
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