Inb4 “they’re just hiding profits in their accounts” (from you, me, and the Revenue, presumably).
(The actual reason has a lot to do with investments they’re making to grow the business:)
>The directors state that the company invested €92 million to improve and increase the company’s store and distribution network. The loss also takes account of non-cash depreciation costs of €36 million.
HighDeltaVee on
I was *assured* that supermarkets were gouging Irish consumers with massive profits.
Fit-Acanthisitta7242 on
They’ve built a lot of new stores lately. That costs money.
iHyPeRize on
Looks to be a case of short term loss for a long term game with all the investment they’ve done in the last 12 months or so
Tomaskerry on
Who prefers Aldi to Lidl?
Hephaestus-Gossage on
If Aldi Ireland declared a loss it’s because Aldi Ireland wanted to declare a loss.
Captain_Vomit1 on
The added a bakery Lidl style to one of their stores in Galway which is great. If the will add it to all of the stores Lidl will have to step up their game.
DelGurifisu on
Aldi and Lidl are shite tbh.
travelintheblood on
Supermarkets and grocery in general is low margin (usually 1%~3%) so any capital investment which is being expensed in the P&L will likely result in an accounting loss relatively quickly.
gowangowangowan on
I thought SF told us that supermarkets were raking it in? Although it appears Aldi and SuperValu aren’t making massive profits like we were told.
Did SF misled us?
HereA11Week on
“Company claims it put colleagues and customers before profits”
Sounds like a recipe for success definitely
Baggersaga23 on
But but the evil supermarkets… can’t wait for the PBP state owned supermarkets to open. Spam and corn flakes only on shelves
AceBob666 on
“Company claims it put colleagues and customers before profits”
Nice spin.
Company means – we believe as a “discount” store we are gonna absoluty mint it over the next few years, with the masses desperate for middle isle bargain during a worsening cost of living crisis. So we built more stores, to ensure we soak up every available cent. Thank you, come again.
15 commenti
Inb4 “they’re just hiding profits in their accounts” (from you, me, and the Revenue, presumably).
(The actual reason has a lot to do with investments they’re making to grow the business:)
>The directors state that the company invested €92 million to improve and increase the company’s store and distribution network. The loss also takes account of non-cash depreciation costs of €36 million.
I was *assured* that supermarkets were gouging Irish consumers with massive profits.
They’ve built a lot of new stores lately. That costs money.
Looks to be a case of short term loss for a long term game with all the investment they’ve done in the last 12 months or so
Who prefers Aldi to Lidl?
If Aldi Ireland declared a loss it’s because Aldi Ireland wanted to declare a loss.
The added a bakery Lidl style to one of their stores in Galway which is great. If the will add it to all of the stores Lidl will have to step up their game.
Aldi and Lidl are shite tbh.
Supermarkets and grocery in general is low margin (usually 1%~3%) so any capital investment which is being expensed in the P&L will likely result in an accounting loss relatively quickly.
I thought SF told us that supermarkets were raking it in? Although it appears Aldi and SuperValu aren’t making massive profits like we were told.
Did SF misled us?
“Company claims it put colleagues and customers before profits”
Sounds like a recipe for success definitely
But but the evil supermarkets… can’t wait for the PBP state owned supermarkets to open. Spam and corn flakes only on shelves
“Company claims it put colleagues and customers before profits”
Nice spin.
Company means – we believe as a “discount” store we are gonna absoluty mint it over the next few years, with the masses desperate for middle isle bargain during a worsening cost of living crisis. So we built more stores, to ensure we soak up every available cent. Thank you, come again.
On paper. Let’s not start a go fund me just yet.
Tax avoidance no doubt