Russian grocer Seventh Continent today (27 May) booked a jump in first-quarter sales and earnings.
Go deeper with GlobalData
Net sales climbed 32% to US$380.2m during the three months to the end of March, on the back of a 26% rise in EBITDA to $36.1m.
The rise in profits came despite rising selling costs, which grew by almost a third to $84.8m.
Seventh Continent runs hypermarkets and supermarkets across Russia, with the bulk of its stores in and around Moscow.
GlobalData Strategic Intelligence
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
