X5 Retail Group N.V. (FIVE.L) reported fourth-quarter net retail sales of 133.88 billion Russian Roubles; an increase of 8.6% from 123.32 billion Roubles last year. X5’s like-for-like store performance in the fourth-quarter was in line with the corresponding period in 2011 primarily due to the higher basket at soft discounters and supermarkets in the 2012 period.
Supermarkets reported positive quarterly like-for-like results in the fourth-quarter, the first time during the 2012 calendar year, primarily due to higher basket and a nominal decrease in traffic.
X5 Retail said total like-for-like results in fourth quarter were supported by an overall higher basket, which increased 3.6% year-over-year and was primarily due to the 7.5% increase in Russia’s average food inflation in the quarter compared to prior year. The increase in basket at both soft discounters and supermarkets was offset by a decrease in the like-for-like basket at hypermarkets.
Fiscal 2012 retail sales increased 8.3% year-over-year. Fiscal 2012 like-for-like sales decreased 1.4%.
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by RTT Staff Writer
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