X5 RETAIL GROUP PUBLISHED OPERATING RESULTS FOR 2019
X5 Retail Group's net retail revenue in 2019 increased by 13.3%, to 1.727 trillion rubles.
Comparable sales for the same period increased by 4% with traffic growth of 2% and average check by 1.9%. In the 4th quarter of 2019, net retail revenue amounted to 467.3 billion rubles, which was 11% more than a year earlier. For the 4th quarter of the year, comparable sales grew by 2.3% with traffic growth by 1.8% and average check by 0.5%.
“The company again showed a high level of growth in LFL performance and net retail revenue, further increasing its market share and strengthening its leadership. Our online business more than tripled its net revenue,” commented Igor Shekhterman, CEO of the company. “In 2019, we piloted and launched new customer-centric store concepts in the format of ‘convenience stores’ and supermarkets. New concepts will be rolled out beginning in 2020, as the initial results significantly exceed expectations, showing a double-digit increase in LFL traffic. We continued developing new businesses: Perekrestok.ru and 5Post showed positive dynamics.”
In 2019, X5 Retail Group opened 1,866 stores, bringing their number to 16,297 (15,354 Pyaterochka, 852 Perekrestok, 91 Karusel). The total sales area of the network grew by 12%, to 7,239,117 square meters.
According to the year’s results, the online supermarket Perekrestok.ru showed an increase in net revenue of 234.1%, to 4.31 billion rubles. The number of orders increased by 234.8%, to 1.377 million, and the average check rose by 1.6%, to 3,584 rubles.