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Spanish market leader reported a consolidated sales growth of 11% in 2022 but highlights the tough market conditions had major impacts on its profitability. However, Mercadona claims the effort to reduce the groups margin has made it possible to produce savings of more than 5.7 million households, as the retailer did not transfer €375m of cost increases to shoppers baskets.
A guide to Portugal’s grocery market and how we expect the country, its leading retailers and channels to evolve over the next five years.
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