Europe roundup: latest European retailer results

In this instalment, our analysts for Europe offer their take on some of the region’s latest developments and initiatives. Here’s what you need to know about:

• Aldi Nord’s strong 2025

• Edeka’s independent retailers driving growth

• Casino’s positive Q1 2026

• Salling Group’s 2025 growth

Aldi Nord sees strong success in 2025

In its preliminary results, the discounter revealed that revenue grew 7.4% to €31bn across its markets; France, Benelux, Spain, Portugal, Poland and Northern Germany. Customer transactions were up 7%, a reflection of the increased frequency of visits, and initial results for 2026 to date follow a similar positive trend.

Senior Insight Analyst, Michela Pearson’s view: Aldi Nord has been investing strongly in its operations, with €1.5bn going to expansion and refurbishments in 2025. The laser-focus on its value credentials has allowed it to gain shoppers and like-for-like growth of 5.6%, well ahead of many competitors in this space both internationally and in its local market. The near future will likely see the expansion of the loyalty scheme in Belgium tested in other markets to further improve the offer.

Edeka sales driven by independent merchants

The German market leader increased turnover by 2.7% to €77.3 billion in FY2025, driven primarily by its independent retail network. Independent Edeka merchants grew revenues by 4.6% to €42.7 billion, while Netto Marken-Discount recorded a more modest 1.6% sales increase to €17.9 billion. Its growth was further supported by its international sourcing partnerships, investment in online grocery retailer Picnic and continued store openings and modernisation of its network.

Insight Partner, Dan Butler’s view: The results underline the resilience of Edeka’s cooperative model, with independent retailers outperforming the market despite subdued economic and political conditions. Increased shopper migration to private labels, high Payback adoption, and app usage signal shifting shopper behaviour towards value and loyalty-based shopping, which Edeka is well positioned to capture.

Casino reports stable Q1 2026

Groupe Casino has reported a sustained operational performance and improved profitability in France. The groups net sales reached €1,946m in Q1 2026, despite the decrease in overall sales, due to the group streamlining its convenience operations, LFL sales increased by 0.3%. The groups convenience brands LFL sales increased by 0.6%, supported by a strong performance from fresh products and increased customer traffic.

Senior Insight Analyst, Lucy Beaumont’s view: Groupe Casino continues to implement its revised strategic plan ‘Renouveau 2030’. The Q1 2026 results shows how the restructuring and transformation plan is making a positive impact to the stability of the business. Casino continues to use its strengths including; store location, brand awareness and its dedication to the convenience channel to elevate its position in the French market.  We expect Casino to continue to make store improvements and increase its fresh offer as well as develop quick meal solutions to gain more attraction in the region.

Salling Group sees revenue jump in 2025

With growth of 15.2% across Europe, the Danish group has seen particularly strong success in its home market, with all banners combined achieving the highest market share to date. Internationally, growth was driven by expansion and the acquisition of Rimi Baltic, which solidifies the retailer’s European footprint and brings the total network to over 2,100 stores.

Senior Insight Analyst, Michela Pearson’s view: The first year of the Aspire 28 strategy proved successful for the Salling Group, with its focus on providing shoppers with value across all banners. Further investment will be made across digital, sustainability, and new formats in  2026, continuing to keep value at the core of the proposition in all six markets.

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