Live Update arrow right icon From the Liveblog of Wednesday, March 26, 2025

Shufersal saw net profits more than double in 2024

By Sharon Wrobel 26 March 2025, 10:18 am 2 Edit

Sharon Wrobel is a tech reporter for The Times of Israel

Shufersal saw its net profit more than double last year as Israel’s largest supermarket chain benefited from price increases amid ample demand for groceries and implemented efficiency measures.

Shufersal reports a net profit of NIS 665 million ($182 million) in 2024, up from the NIS 323 million earned a year earlier. The supermarket chain’s gross profit margin increased to 28.3 percent from 26.5% year-on-year. Revenue rose 3% to NIS 15.6 billion, and same-store sales grew 3.1% in 2024 compared to the previous year.

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