O`KEY GROUP REPORTS NET RETAIL REVENUE FOR Q1 2024
Group net retail revenue [1] increased by 7.2% YoY to RUB 52.3 bn in Q1 2024, driven by revenue growth across all business segments.
- Group net retail revenue [1] increased by 7.2% YoY to RUB 52.3 bn in Q1 2024, driven by revenue growth across all business segments.
- O`KEY hypermarkets’ LFL retail revenue rose by 3.7% in Q1 2024.
- discounters’ net retail revenue grew by 17.9% YoY to RUB 16.8 bn in Q1 2024, driven by a 7.6% LFL revenue increase and the selling space expansion.
- discounters’ share in the Group’s revenue rose by 2.9 pps YoY to 32.1% in Q1 2024.