Lidl UK has revealed their profits have quadrupled to a record £156.8 million last year and in the 12 months to 28 February pre-tax profits climbed compared to £43.6 million the year before.
Revenues were up by nearly 8% to £11.7 billion, this makes Lidl the fastest growing supermarket chain in the UK.
Ryan McDonnell, Lidl GB CEO, said, “Our results reflect the momentum we’ve built and the trust shoppers place in us. More households are choosing to shop with us more often, because we continue to deliver on our promise of outstanding quality at the lowest possible prices.
“Over the last year we have continued to operate with our discounter efficiency at the heart of everything we do, all the while investing strategically in areas that will benefit our people, suppliers and communities.”
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