Tesco’s Irish business made a profit of €108 million last year

New house building to exceed last year, retailers refusing cash, and RTÉ’s 17 missed performance targets

Tesco Ireland’s accounts also reveal that it paid €80.2 million in cash in June 2022 to acquire the Joyce supermarket group in Galway. It acquired nine stores as part of the transaction. The retailer’s turnover rose by 4.8 per cent year on year with its like-for-like sales up 3.3 per cent for the period. Sales from members of its Clubcard loyalty programme amounted to 77 per cent of its turnover while its general merchandise and clothing business achieved like-for-like sales of 5.4 per cent.

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