30 October 2014
Portugal-based Jerónimo Martins has announced results for the third quarter saying that sales rose 7.3% to €3.3 billion, with growth driven by its Biedronka chain in Poland. However, the retailer noted that the increase in sales came ‘despite food deflation’, which ‘increased pressure on sales value and profitability’, with net profit falling by 20.0% to €92.0 million.
Pace of food deflation q...