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X5 Retail sales up 24.9%

By BFN News | 08:11 AM | Thursday 12 October, 2017


Russian food retailer X5 Retail Group's net retail sales rose by 24.9% in the third quarter to RUB317,131m. Like-for-like sales were up 4.6% and 20.3% sales growth came from a 27.8% rise in selling space. X5's LFL traffic growth increased to 2.5% y-o-y from 2.0% y-o-y in Q2. Pyaterochka was the main driver of growth in Q3; net retail sales rose by 28.8% y-o-y, on the back of a 4.0% rise in LFL sales and a 24.8% increase from net new space, resulting from a 34.1% rise in selling space. Story provided by StockMarketWire.com

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