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Russia's Lenta Posts LFL Sales Growth Of 3.5% In Q2

Published on Jul 25 2018 8:00 AM in Retail tagged: Trending Posts / Lenta / Russia / Financial Results

Russia's Lenta Posts LFL Sales Growth Of 3.5% In Q2

Russian retailer Lenta has announced like-for-like sales growth of 3.5% in its second-quarter financial results.

Total sales for the period ending 30 June rose by 16.6%, to RUB 99.8 billion – an increase of 14.2% from the same period in 2017.

The retailer also opened seven supermarkets overall and closed one hypermarket. The group's current store count, as of the end of the quarter, is 346, comprised of 113 supermarkets and 233 hypermarkets. As such, its total sales space received a boost of 19.6%, to 1.4 million square metres.

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