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Eroski closed the 2023 financial year with a profit of 109 million euros, 70.31% higher than the previous year. Meanwhile, its operating profit rose to 259 million euros, up 26.9% on 2022.
2023 was a year of significant progress and extraordinary performance. With these words, Rosa Carabel, Eroski’s CEO, alluded to the distribution group’s latest results. Sales grew by 6.3% to 5,729 million euros gross (including VAT); net profit soared by 70% to 109 million; and operating profit rose to 259 million, 27% more.
These figures are underpinned by cost control, efficiency and improved productivity, according to Carabel, who highlighted the maintenance of market share at 12.8%, a complicated task” if shops are not opened at the same rate as competitors.
Strategic plan
The cooperative group – which has a network of 1,533 shops – has launched a new strategic plan up to 2026. Over the next three years, it will focus on its own brand (currently 27% of total sales) and on fresh products, especially bread and fruit, in order to attract new customers to compete with discount formats and gain market share, as the sector calls spending per customer: as well as price competitiveness. It expects to grow one point in market share due to the pull of its white banner.
The forecasts for 2026 consist of the opening of 159 new supermarkets and franchises, and an investment of 450 million with which it expects sales of 6,700 million in 2026.
