H1 sales reached €6,958m backed by the performance of all banners despite deflation in Poland and flat food inflation in Portugal. Biedronka experienced strong lfl growth of 8.8% and sales came in at €4,678m. The network expansion sustained this performance as 40 stores were opened while 94 locations were refurbished. In Portugal, Pingo Doce’s sales increased by 3.9% and 0.3% on a lfl basis, reflecting the still negative basket inflation. In the first six months of this year,
29 Jul 2016
Successful focus on the top-line
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Successful focus on the top-line
Jeronimo Martins, SGPS S.A. (JEM:FRA) | 0 0 0.5% | Mkt Cap: 11,076m
- Published:
29 Jul 2016 -
Author:
Ranya GNABA -
Pages:
2
H1 sales reached €6,958m backed by the performance of all banners despite deflation in Poland and flat food inflation in Portugal. Biedronka experienced strong lfl growth of 8.8% and sales came in at €4,678m. The network expansion sustained this performance as 40 stores were opened while 94 locations were refurbished. In Portugal, Pingo Doce’s sales increased by 3.9% and 0.3% on a lfl basis, reflecting the still negative basket inflation. In the first six months of this year,