Foodstuffs (company)
Foodstuffs (NZ) Ltd is a New Zealand grocery company owned by the retailers' cooperatives Foodstuffs North Island Limited and Foodstuffs South Island Limited. Together, the two cooperatives collectively control an estimated 53% of the New Zealand grocery market. The group owns retail franchises Four Square, New World and Pak'nSave, and in-store private labels Pams, Pam's Finest, and Value (formerly named Budget). Foodstuffs operates over 400 retail stores as of 2020, and serves an estimated 3.6 million customers each week.
| Company type | Co-operative |
|---|---|
| Industry | Retail |
| Founded | 1922 |
| Headquarters | New Zealand |
| Revenue | Foodstuffs North Island NZ$4,299,346,000 (2023) Foodstuffs South Island NZ$3,413,203,000 (2023) |
| Foodstuffs North Island NZ$264,461,000 (2023) Foodstuffs South Island NZ$21,956,000 (2023) | |
Net income | Foodstuffs North Island NZ$44,944,000 (2023) Foodstuffs South Island NZ$6,917,000 (2023) |
| Total assets | Foodstuffs North Island NZ$3,542,547,000 (2023) Foodstuffs South Island NZ$1,398,823,000 (2023) |
| Total equity | Foodstuffs North Island NZ$1,074,289,000 (2023) Foodstuffs South Island NZ$368,624,000 (2023) |
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Foodstuffs' major competitor is the New Zealand division of the Australian Woolworths Group through their main supermarket chain Woolworths New Zealand, creating an effective duopoly in New Zealand's supermarket sector.
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