RUSSIA: Dixy FY sales rise on store openings, LFL gains
Dixy LFL sales grow as fewer customers spend more
Russian retailer Dixy saw its full-year sales rise by almost one-quarter as it opened new stores and grew like-for-like sales.
The company said today (28 January) that sales rose 22.7% in the 12 months to end-December, climbing to RUB180.2bn (US$5.7bn). Gains were driven by store openings and the group opened 300 new outlets in the period.
Dixy's like-for-like sales were hit by a 2.2% drop in footfall and a reduction in opening hours - part of the group's rationalisation programme that is targeting higher returns. Nevertheless, Dixy was able to grow basket size by 6.23% - more than offsetting the reduced number of transactions.
The company said total like-for-like sales gained 3.9% in the period.
DIXY GROUP DEMONSTRATES 22.7% REVENUE GROWTH
IN RUSSIAN RUBLES IN FULL YEAR 2013
Moscow, Russia, January 28, 2014
DIXY Group (RTS, MICEX: DIXY) – one of Russia’s leading retailers of foods and everyday products –today announced revenue growth of 16.6% in Russian rubles (9.0% in USD) in December 2013, and revenue growth of 22.7% in Russian rubles (19.8% in USD) for the full year of 2013.
For the full year of 2013, DIXY Group opened 300 stores on net basis, and, as of December 31, 2013, had 1,799 stores under operation, including 1,681 DIXY neighborhood stores, 86 Victoria stores, 1 CASH store, and 31 compact hypermarkets MegaMart and MiniMart.
For the full year of 2013, DIXY Group revenue increased to RUR 180.5 bln (USD 5.7 bln) by 22.7% in RUR (19.8% in USD) year-on-year.
In December 2013, DIXY Group revenue increased to RUR 18.3 bln (USD 557.9 mln) by 16.6% in RUR (9.0% in USD) year-on-year.
Retail revenue of DIXY neighborhood stores increased to RUR 13.7 bln (USD 415.6 mln) by 19.5% in RUR (11.7% in USD) in December 2013 compared to December 2012.
The Company opened 77 DIXY neighborhood stores net in December 2013 compared to 98 stores net in December 2012.
Original source: Dixy
This is a detailed report covering Spar’s store formats, private labels, history, key employees, and key financial and operational metrics in Russia. Introduction and Landscape Why was the report w...
- Infographic: Snapshot of Japan's food sector
- On the money: Solid Lindt outpaces chocolate peers
- On the money: Hain expects continued organic gains
- Spotlight: What could be impact of Russia's ban?
- Analysis: Market bets on higher Chiquita offer
- Russian government eases ban on food imports
- Kerry cools claim spreads move could hit jobs
- Pork Farms buys Kerry Group's pastry plants
- Dr Oetker to buy McCain North America pizza arm
- Nestle makes "major pledge" on animal welfare