Russia's X5 Retail Group sees net sales up 15.7% in Q1

Kitco Media
By Reuters
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Reuters
April 18 (Reuters) - Russian supermarket group X5 on Tuesday reported a 15.7% jump in net retail sales to 689.2 billion roubles ($8.46 billion) in the first quarter, the company said. The group, which operates Pyaterochka and Perekrestok supermarket chains, said like-for-like sales were up 6.5% year-on-year, while net sales at its digital business climbed 35.9%. Net sales at X5's hard discounter format - 'Chizhik' - stores were up five-fold during the first quarter on an annual basis, the company said. ($1 = 81.4500 roubles) (Reporting by Reuters, Editing by Louise Heavens)
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