Japanese retailer Aeon Co. today [Wednesday} reported group operating revenues up 5.5% year-on-year to ¥710.3bn (US$5.95bn) for its first quarter ended 20 May.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Formerly known as Jusco Co., Aeon said same-store sales fell 1.5%, partly as a result of poor weather in May. However, cost reduction and a tighter control of administrative overheads helped overall results. June sales inched up 0.2%, the company said.
Aeon subsidiaries performed well during the period review, notably the credit card company Aeon Credit Service Co.
Overall group operating profits rose by ¥2.3bn, although the company did not reveal its actual profit figure.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
