Annual report 2022

Growing Good Business

In 2022 we identified three key areas for investment and focus: mitigating the impact of the energy and cost-of-living crisis for shoppers, customers and our retail partners; addressing the climate emergency with urgency and determination; and driving the ongoing digital transformation of our business and brands.

Despite challenging trading conditions, our brands have thrived, delivering an exceptional experience for our customers and consumers.

Read our full Annual Report and Review 2022 for more information.

Difficult times, solid results

Noel Keeley, CEO

I am pleased to report that our business achieved solid results in 2022. Despite rising operational costs, ongoing supply chain challenges, and fiercely competitive market conditions, our brands performed well. Our Group turnover amounted to €4.7 billion, a 3% increase compared to 2021.

“At the core of our mission lies a promise to deliver value to our shoppers, which holds even greater significance in these challenging times.”

Despite the economic challenges, our retail brands continued to differentiate in competitive markets and during 2022 we focused on building on our winning propositions. Our philosophy of continuous improvement is evident in the ongoing evolution of SuperValu and Centra as vibrant community hubs, with upgraded store formats to better meet the needs of today’s shoppers. At the same time our Musgrave MarketPlace brand has undergone an impressive transformation, backed by substantial investments and close collaboration with the hospitality sector, resulting in an exceptional growth of 18% in this part of the business year on year.

Creative Retail Awards

Best Food, Beverage and Supermarket Design

SuperValu Knocklyon


Best Managed Company

ShelfLife Grocery Management Awards

11 awards

SuperValu, Centra, Donnybrook Fair and Daybreak combined


Best Graduate Training and Development Programme — Business/Management

New wholesale brand

Authentic Italian food brand Italicatessen acquired

New app launch

Frank and Honest loyalty app launch in SuperValu and Centra stores

€2.25 million invested


The Musgrave Sustainability Fund was launched in June 2022, providing €25 million to support retailers to make reductions in their carbon emissions. By December 2022 Musgrave had paid out more than 42% of the Sustainability Fund, €8,964,916. This has resulted in SuperValu and Centra stores reducing their carbon emissions by an estimated 3,809 tonnes of CO2 representing 42% of the total carbon reduction target for the Sustainability Fund.

  Fund payments % Dec 2022 Carbon Reduction Dec 2022 (T C02e)
SuperValu 42% 2,094
Centra 42% 1,714
Total 42% 3,809


Key Figures


of SuperValu stores will have doors on their refrigeration and all stores will be equipped with LED lighting by the end of 2025


solar panels installed across SuperValu and Centra stores and the Musgrave wholesale building in Cork in 2022


of all our fruit and veg, own brand, and in-store packaging in SuperValu and Centra is now recyclable, reusable or compostable


of all non-recyclable black plastic trays from fresh meat and fish ranges have been removed in SuperValu and Centra


tonnes of surplus food has been redistributed by Musgrave to a network of charities and community groups across the country since 2016 in partnership with FoodCloud


of the electricity purchased by Musgrave Group is from renewable sources or is backed by renewable energy certificates

Giving back

€1 million

worth of funds and goods donated by Musgrave, together with its retail partners, colleagues and shoppers to support Ukrainian people


raised by SuperValu and Centra NI for Action Cancer


donated by Musgrave to Irish Red Cross and UNICEF to support the Syria and Turkey earthquake appeal


raised by Musgrave MarketPlace for Women’s Aid


raised through ‘Musgrave Gives Back’ for Breakthrough Cancer Research, AsIAm, Cork University Hospital Charity and A Lust For Life

giving back giving back giving back
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