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Russia's Lenta Sees Marginal Like-For-Like Decline In Third Quarter

Published on Oct 29 2018 9:45 AM in Retail tagged: Featured Post / Lenta / Russia / Jan Dunning / Paywall

Russia's Lenta Sees Marginal Like-For-Like Decline In Third Quarter

Russian retailer Lenta has posted a 0.6% decline in like-for-like sales in the third quarter of its financial year, resulting from a 0.3% decline in LFL traffic and basket size respectively.

The group’s reported sales were up 12.5% to RUB 100.8 billion (€1.35 billion) in the quarter, the group said.

Ten new supermarkets were opened during the third quarter of 2018, while two supermarkets were closed, leaving the group with 354 stores as of the end of September 2018.

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