2017 was a good year for the business, building on the achievements of 2016, and putting us on track for sustainable future growth.
Although the market remains tough and hugely competitive, a good financial performance has been delivered through a programme of sustained and focused investment aimed at getting all the basics absolutely right, while strengthening and stretching our brands.
We have set our purpose as Growing Good Business – growing sustainably for the benefit of partners, colleagues and the company. It’s an inspiring commitment that provides a common direction for our people to drive and stretch our brands, while at the same time exploring growth opportunities in new markets. It’s placed growth at the heart of what we do but not at any price. It has to benefit not just Musgrave, but the ecosystem that supports our business.
And I am pleased to report that the story of our 2017 performance is one of growth. For the third year in a row, the Group has reported increased profit, with all our brands performing well throughout the year.
In 2017, each of our brands, our people and partners have worked tirelessly to evolve stores, innovate in digital technology, improve service delivery and offer a different and better retail experience.
*Excluding pension gain
Blas na hEireann awards for SuperValu, for its own brand and Food Academy products
Great Taste awards for own brand products across our retail brands
Voted best reward scheme in Ireland
As a sixth-generation family business with a 140-year heritage and a strong set of values, Musgrave genuinely cares for people and for the planet. This is why we became one of the ﬁrst companies worldwide to embed the UN Sustainable Development Goals in our strategy. However, we wanted to go further, and so we put together a framework of commitments to take us into the next decade and beyond.