Comparable Grocery Sales Up At Finland's Kesko In First Quarter
Finnish retailer Kesko has posted a 0.4% increase in comparable sales in its grocery division the first quarter of 2019, with operating profit at the division rising by 1.6%.
Net sales were down 1.0% across the division, however, with the group's K-Citymarket division seeing a 2.1% decline, K-Market down by 5.1%, and K-Supermarket declining by 0.1%.
Commenting on the performance of its grocery arm, Kesko described it as 'good' considering the later falling of Eaaster this year, with customer numbers 'continuing to grow' across all its chains.
Three new K-Markets were opened in the January to March period, with the group's K-Citymarket Pori Puuvilla being expanded, and remodelling and extensions carried out in some 23 stores.
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