X5 Retail Group Reports 26.7% Net Retail Sales Growth in Q1 2016Amsterdam, 19 April 2016 - X5 Retail Group N.V. (“X5” or the “Company”), a leading Russian food retailer (LSE ticker: “FIVE”), announces today the Company’s preliminary consolidated net retail sales and operational results for the first quarter (Q1) of 2016(1).
Total net retail sales growth remained strong at 26.7% y-o-y driven by:
7.8% increase in like-for-like (LFL) sales; and
18.9% sales growth contribution from a 31.0% rise in selling space.
In Q1 2016, X5 demonstrated strong LFL traffic growth of 2.0% y-o-y. LFL traffic was positive in each month of the quarter, driven by the strong performance of Pyaterochka and solid traffic improvement at Perekrestok.
Pyaterochka, benefitting from its continued appeal to value-seeking customers and strong opening programme, was the key driver for X5’s Q1 2016 growth: net retail sales rose by 32.3% y-o-y, on the back of:
10.3% rise in like-for-like (LFL) sales; and
22.0% increase from net new space, resulting from a 39.3% rise in selling space.
Perekrestok’s net retail sales growth improved during the reporting period from 15.7% y-o-y in January to 20.6% y-o-y in March.
In Q1 2016, Perekrestok delivered positive LFL traffic for the first time since Q4 2013.
X5 added 377 net new stores in Q1 2016 vs. 156 in Q1 2015, contributing to additional net selling space of 181.0 th. sq. m. in the quarter.
For more detailed information, please refer to the following link https://www.x5.ru/en/Pages/Media/News/190416.aspx
X5 Retail Group
X5 Retail Group is the leading food retailer in Russia. X5 shares are listed on London Stock Echange (LSE) in the form of Global Depositary Receipts. The Company operates several retail formats, including the chain of conveniently located proximity stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand and Express convenience stores.