Aldi has reported another year of record sales and customer numbers in the 12 months to December 2022.
This is according to the company’s latest financial results.
The discounter’s turnover in Ireland grew by a further 1.1%, to €2.032 billion – up by €24 million on 2021.
This is the third successive set of annual results that Aldi has published in Ireland.
Commenting on the company’s 2022 performance, Niall O’Connor, group managing director, Aldi Ireland, said, “Twenty twenty-two [2022] was the year that solidified the changing nature of how we shop.
“Households, gripped by higher living costs, now buy more own-label [products] and smaller pack sizes, shop more often, but buy less, and with an even greater emphasis on value.
“In this climate, Aldi’s we-won’t-be-beaten-on-price commitment continued to resonate, reflected in our rising sales and customer numbers in 2022.”
Six Additional Stores
Throughout the year, Aldi opened six additional stores across the country: in Caherciveen, Clonakilty, Ballina, Tuam, Mountbellew and Ardee.
The discounter also highlighted that it completed store refurbishments in Dungloe, Blessington, Greystones, Killorglin, and the Elysian, Cork.
Its number of stores nationwide now stands at 160, with ‘plans to increase this further’.
Inflation Trends
During the trading period, inflation increased by 15%, due to rising wages, higher energy costs, and rising input prices among suppliers, the company noted.
Commenting on inflation trends in the sector, O’Connor said that the signs are encouraging.
“While the overall inflationary peak of last year is receding, food inflation continues to be stubbornly high here at home and abroad. Factors such as supply chain complications and delays due to the war in Ukraine are indeed relevant,” he added.
“Notwithstanding, we have demonstrated through price decreases on own-brand products that, where cost conditions improve, we will move quickly to cut prices. Earlier this year, we cut prices on family staples like bread, milk and butter.
“As schools returned in September, we cut prices further on a range of products.
“We will continue to monitor the backdrop and respond proactively as we enter what is typically a very busy Christmas shopping period for consumers.”
