The paper presents an analysis of the operations of Lidl, SPAR and TOMMY retail chains in the period from 2008 to 2019. The aim of the paper was to compare the data from the financial statements and draw conclusions about the business performance of selected companies. The analysis was conducted on the basis of data submitted by companies to the state financial agency FINA. The collected data from reports were presented in graphs and tables, which were then analyzed individually and compared to each other. In the observed period, the profit and loss account, balance sheet and financial indicators of companies were analysed and the analysis led to certain conclusions. The comparative analysis showed that all three companies are constantly investing in their development and progress in order to be able to expand the market so they take as much market share as possible. Along the way, they took different strategies and achieved different business results. The best results are shown by Lidl, which is now a stable company with proven product quality. TOMMY, as the only one of the three companies with headquarters in Croatia, has high growth in sales revenue each year, but shows signs of possible problems in future due to extremely low principal. Although they operate with profit they must be careful with its distribution in the future. SPAR has higher sales revenues, but it is in the most unfavorable position. It makes losses each year, so it is necessary to start making a profit so that the company can invest in the growth and development of the company in the future. Periodic business analyzes based on financial reports would help companies to indicate business failures and areas for improvement. Also, conclusions would be drawn for better and more economical business operations in the future.