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SuperValu and Centra Profit Surge
Description
SuperValu and Centra just dropped their blockbuster annual report—profits hit €133 million, turnover soared to €5.5 billion thanks to new stores and acquisitions. They poured over €40 million into tech, supply chains, and retail upgrades, boosting post-cost profits to €92.7 million. CEO Noel Keeley, who’s led the company since 2019, is stepping down later this year, handing the reins to Niall Anderton, a veteran from global convenience retail. Chairman Nicky Hartery also exits after 10 years, with Róisín Brennan stepping in as interim chair. Ahead, Centra plans a €27 million investment to open new stores and create 500 jobs, while SuperValu continues its push into fresh and convenience foods—with tech upgrades making shopping easier than ever.
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