Our annual results 2024

• Group revenue maintained, with significant increase in group profit and further reductions in group net debt

• Over £200m of new headwind and investment costs, with active choices to support members, colleagues, and communities with cost-of-living challenges

• Membership growth up 22% to 6.2 million (2023: 5.1 million) - on track to reach target of 8 million by 2030

Commenting on the results, Shirine Khoury-Haq, Chief Executive of the Co-op, said:

Our solid business performance alongside the progress we have made in right sizing the business and delivering against our new strategy, is enabling us to create more value for our member-owners every day.

While broader economic challenges remain, our businesses are delivering strongly against the market and I’m proud that we continue to provide support to our colleagues, members, and their communities through the continued cost of living challenges they face.

We look to the future with confidence, supported by a strong balance sheet and a clear and compelling business strategy and remain on track to reach our goal of 8 million Co-op member owners by 2030 with a focus on growing our Co-op for the future.

Click here to read more