Co-op sales inch up but inflation dampens profitability
The Co-op has reported a small increase in its full-year revenue, but warned that ongoing inflation and volatility will dampen profitability in the immediate term.
For the 52 weeks to December 31, 2022, the c-store specialist reported a £300m increase in revenues to £11.5bn, while underlying EBITDA dropped £15m to £490m.
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