ZAWYA: Abu Dhabi’s Lulu Retail posts 16% rise in Q1 net profit, beats estimate

About this update from Lulu Retail Holdings Plc

Staff WriterUAE’s Lulu Retail Holdings Plc posted Q1 2025 net profit of $69.7 million, 16% higher year-on-year (YoY), supported by growth in e-commerce sales in the UAE. The result came above analysts’ mean estimate of $65 million, according to LSEG data.Revenue for the quarter came to $2.1 billion, up 7.3% YoY, with like-for-like sales up 3.6% YoY driven by strong sales during Ramadan period, the Abu Dhabi ADX-listed supermarket operator said. E-commerce sales grew 25.3% YoY to $93.4 million and accounted for 4.7% of retail revenue. (Writing by Brinda Darasha; editing by Seban Scaria) [email protected] Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

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