Musgrave Group paid out €22.5m dividend in 2024 largely to family owners

The company, which owns SuperValu and Centra, employs more than 44,000 people across its stores

Chief executive of the Musgrave Group, Noel Keeley, said 2024 was an "extraordinary year” for the company despite a number of challenges. 

Cork-based supermarket firm Musgrave Group — the company that owns both SuperValu and Centra — paid out €22.5m in dividends to its shareholders during its last financial year, its annual report has shown.

During 2024, the company, which is largely owned by the extended Musgrave family, generated €5.2bn in turnover, up from €5bn in 2023. Its cost of sales increased from €4.05bn to €4.2bn with staff costs reaching €508.7m.