Inflation

Aldi UK Reports Increase In UK And Ireland Sales

Aldi UK has reported a 16% rise in sales in Britain and Ireland to £17.9 billion in 2023, a year that saw grocery inflation peak at 17.5%.

British retailers have reported a third consecutive month of falling sales in August, the Confederation of British Industry said on Tuesday.

Tesco Ireland has overtaken Dunnes Stores as the leading supermarket based on market share, according to Kantar.

Walmart raised its annual sales and profit forecast on Thursday for a second time this year as customers sought inexpensive essentials.

Supermarket group Ahold Delhaize beat second-quarter core profit margin expectations on Wednesday on solid sales in the US and Europe.

Bottler Coca-Cola HBC boosted its annual operating profit and revenues forecast on Wednesday as the group posted higher first-half revenue.

Hershey cut its annual profit forecast on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending.

Irish consumer sentiment reached its best level in two and a half years in July, though no dramatic change indicated a general optimism.

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