Kesko Group Sees 2.7% Comparable Sales Growth In July
Finland's Kesko Group has reported sales of €856.3 million in July, which represents an increase of 2.7% compared to the same period last year.
Sales in the company's grocery trade increased by 1.5% in comparable terms to €423.1 million, with growth in all chains. Kesko president and CEO Mikko Helander said that performance was especially strong in K-Citymarkets and in the renewed K-Markets.
However, the group's reported grocery sales fell by 5.4%, which it says was impacted by the changes in store site network of Suomen Lähikauppa and transferring stores to retailers, as well as the divestment of grocery trade business in Russia in the previous year.
Elsewhere, the group also experienced a comparable increase in sales in its building and technical trade, while sales growth was strongest in its car trade, with an increase of over 10% year-on-year.
Last month, Kesko has announced that group sales increased by 17% to €5.41 billion, at a local currency level, in the first half of the year.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.