X5 Retail Group Reports 30.2% Net Retail Sales Growth in Q3 2016Amsterdam, 18 October 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 third quarter (Q3) and nine months (9M) ended 30 September 2016.
Total net retail sales growth accelerated to 30.2% y-o-y in Q3 2016 from 25.7% in Q2 2016, driven by:
- 9.1% increase in like-for-like (LFL) sales; and
- 21.1% sales growth contribution from a 30.7% rise in selling space.
In Q3 2016, X5’s LFL traffic growth increased to 3.2% y-o-y from 3.0% y-o-y in Q2 2016.
Pyaterochka, which continues to attract value-seeking customers and benefit from a strong opening programme, was the key driver for X5’s Q3 2016 growth. Net retail sales accelerated to 36.1% y-o-y from 30.6% in Q2 2016 on the back of:
- 11.2% rise in LFL sales; and
- 24.9% increase from net new space, resulting from a 39.2% rise in selling space.
In Q3 2016, Pyaterochka broke yet another company record, adding 265.7 th. sq. m. of selling space, most of which was organic.
Perekrestok’s net retail sales growth accelerated to 19.5% y-o-y in Q3 2016 from 19.2% y-o-y in Q2 2016.
In Q3 2016, Perekrestok delivered positive LFL traffic for the third quarter in a row.
Karusel’s net retail sales growth increased to 13.3% y-o-y in September 2016 from 3.9% y-o-y in July 2016.
X5 added 638 net new stores in Q3 2016 vs. 541 in Q3 2015, contributing to additional net selling space of 277.8 th. sq. m. in the quarter.
The full version of this press-release you can find on the following link https://www.x5.ru/en/Pages/Media/News/181016.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.