X5 Retail Group Enjoys Strong Q3, Expands Into Tambov Region

Source: X5 Retail Group, Thursday, Oct 12, 2017

Russian market-leader X5 Retail Group's net retail sales rose 24.9% in Q3 to RUB317.13 million. Like-for-like sales gained 4.6% and 20.3% sales growth came from a 27.8% rise in selling space (contribution to the growth of retail revenue 20.3%). X5 added 820 stores in Q3 2017 versus 638 stores in Q3 2016.