X5 RETAIL GROUP X5.RU 01
X5 Group continues expansion, with Q1 2023 net sales increasing 15.3%
Q1 2023 HIGHLIGHTS
+15.3% y-o-y
Total net sales increased by RUB 92.3 billion
6.5% y-o-y increase in like-for-like (LFL1) sales
8.8% contribution to sales growth from a
7.9% increase in selling space
+437 new stores
X5 net new stores in Q1 2023
Including 385 proximity stores, 74 hard discounters, 2 joint dark stores, 2 dark kitchens and 1 Slata store
15 supermarkets and 12 hypermarkets were closed
5xy-o-y
Chizhik net sales increased by RUB 14.6 billion, totaling RUB 18.7 billion in Q1 2023
Chizhik opened 74 stores in Q1 2023
+11.3%y-o-y
Net offline retail sales for Pyaterochka increased by RUB
54.5 billion, reaching RUB 537.9 billion
+2.7% y-o-y
Net offline retail sales for Perekrestok increased by RUB
2.5 billion, reaching RUB 93.7 billion
35.9%y-o-y
Digital business net sales2 increased by RUB 6.8 billion, totaling RUB 25.6 billion
3.7% of total net sales
Amsterdam
18 April 2023
+0.7 p.p. of consolidated revenue growth rate
X5 Retail Group N.V. ("X5" or the "Company", LSE and MOEX ticker: "FIVE"), a leading Russian food retailer that operates
the Pyaterochka, Perekrestok and Chizhik retail chains, today announces its preliminary consolidated net retail sales and operational results for Q1 20233.
- LFL comparisons of retail sales between two periods are comparisons of retail sales in local currency (including VAT) generated by the relevant stores. The stores that are included in LFL comparisons are those that have operated for at least 12 full months. Their sales are included in LFL calculations starting from the day of the store's opening. We include all stores that fit our LFL criteria in each reporting period. Sales of express delivery service from stores and dark stores that have operated for less than 12 full months are also included in LFL calculations.
- Vprok.ru, express delivery, 5Post and Mnogo Lososya.
- Numbers in this press release are preliminary and have not been reviewed or audited by the Company's auditor.
X5.RU 02
NET SALES PERFORMANCE
Sales of offline and digital businesses4
CHANGE Y-O-Y, | |||
RUB MLN | Q1 2023 | Q1 2022 | % OR MULTIPLE |
Pyaterochka | 537,943 | 483,409 | 11.3 |
Perekrestok | 93,744 | 91,290 | 2.7 |
Karusel | 631 | 5,430 | (88.4) |
Chizhik | 18,744 | 4,099 | 5x |
Offline net sales5 | 669,764 | 584,228 | 14.6 |
Digital businesses' net sales | 25,603 | 18,837 | 35.9 |
Total net sales | 695,367 | 603,065 | 15.3 |
Net retail sales6 by format
Including express delivery, excluding Vprok.ru and 5Post sales
CHANGE Y-O-Y, | |||
RUB MLN | Q1 2023 | Q1 2022 | % OR MULTIPLE |
Pyaterochka | 548,912 | 489,193 | 12.2 |
Perekrestok | 101,442 | 96,565 | 5.1 |
Karusel | 631 | 5,430 | (88.4) |
Chizhik | 18,744 | 4,099 | 5x |
Net retail sales7 | 689,179 | 595,767 | 15.7 |
- In the tables and text of this press release, immaterial deviations in the calculation of % change, subtotals and totals are due to rounding.
- Including Krasny Yar and Slata.
- Net retail sales represent revenue from operations of X5-managed stores net of VAT. This number differs from revenue, which also includes proceeds from direct franchisees (royalty payments) and other revenue, which will be reported as part of X5's Q1 2023 financial results.
- Including Mnogo Lososya, Krasny Yar and Slata.
X5.RU 03
Q1 2023 LFL store performance by format
% change y-o-y
SALES | TRAFFIC | BASKET | |
Pyaterochka | 7.0 | 3.9 | 3.0 |
Perekrestok | 4.1 | 1.3 | 2.7 |
X5 Group8 | 6.5 | 3.6 | 2.8 |
Q1 2023 monthly net retail sales (RUB) by format
change y-o-y ,% or multiple
JANUARY 2023 | FEBRUARY 2023 | MARCH 2023 | |
Pyaterochka | 15.3 | 14.3 | 5.5 |
Perekrestok | 5.4 | 5.2 | (1.6) |
Karusel | (73.6) | (90.2) | n/a |
Chizhik | 6x | 5x | 4x |
Offline business total | 15.2 | 14.6 | 5.8 |
Digital business total | 38.7 | 35.3 | 34.1 |
Total | 19.0 | 18.5 | 9.6 |
8. Excluding Krasny Yar and Slata, Vprok.ru and Mnogo Lososya; including Chizhik and Karusel.
X5.RU 04
AVERAGE TICKET AND NUMBER OF CUSTOMER VISITS
Q1 2023 average ticket and customer visits by offline format
CHANGE Y-O-Y, | |||
AVERAGE TICKET, RUB | Q1 2023 | Q1 2022 | % OR MULTIPLE |
Pyaterochka | 465.4 | 452.4 | 2.9 |
Perekrestok | 722.2 | 700.5 | 3.1 |
Karusel | 1,098.9 | 1,095.9 | 0.3 |
Chizhik | 586.0 | 702.5 | (16.6) |
X5 Group9 | 494.3 | 483.9 | 2.1 |
NUMBER OF CUSTOMER VISITS, MLN | |||
Pyaterochka | 1,351.7 | 1,241.3 | 8.9 |
Perekrestok | 160.4 | 157.7 | 1.7 |
Karusel | 0.7 | 5.7 | (88.3) |
Chizhik | 36.4 | 6.6 | 5x |
X5 Group9 | 1,595.0 | 1,411.4 | 13.0 |
Q1 2023 average monthly ticket and customer visits by offline format
change y-o-y, % or multiple
AVERAGE TICKET | JANUARY 2023 | FEBRUARY 2023 | MARCH 2023 |
Pyaterochka | 4.7 | 4.0 | 0.4 |
Perekrestok | 3.5 | 4.8 | 1.3 |
Karusel | 0.1 | 11.9 | n/a |
Chizhik | (6.4) | (12.7) | (23.6) |
X5 Group9 | 3.8 | 3.4 | (0.3) |
NUMBER OF CUSTOMER VISITS | |||
Pyaterochka | 11.4 | 10.8 | 5.2 |
Perekrestok | 3.9 | 2.5 | (0.8) |
Karusel | (73.6) | (91.1) | n/a |
Chizhik | 6x | 6x | 5x |
X5 Group9 | 15.3 | 15.0 | 9.5 |
9. Including Krasny Yar and Slata.
X5.RU 05
EXPANSION DYNAMICS
Selling space and number of stores by format
CHANGE | |||||
SELLING SPACE, | VS 31-DEC-22, % | CHANGE Y-O-Y, | |||
SQUARE METRES (SQ. M) | AS AT 31-MAR-23 | AS AT 31-DEC-22 | OR MULTIPLE | AS AT 31-MAR-22 | % OR MULTIPLE |
Pyaterochka | 7,634,733 | 7,497,056 | 1.8 | 7,183,452 | 6.3 |
Perekrestok | 1,068,031 | 1,085,496 | (1.6) | 1,094,674 | (2.4) |
Karusel | - | 49,225 | n/a | 108,982 | n/a |
Chizhik | 174,368 | 152,370 | 14.4 | 25,361 | 7x |
Joint dark stores | 10,258 | 8,087 | 26.8 | 1,469 | 7x |
X5 Group10 | 9,203,045 | 9,107,479 | 1.0 | 8,528,416 | 7.9 |
NUMBER OF STORES | |||||
Pyaterochka | 19,549 | 19,164 | 2.0 | 18,320 | 6.7 |
Perekrestok | 956 | 971 | (1.5) | 982 | (2.6) |
Karusel | - | 12 | n/a | 28 | n/a |
Chizhik | 591 | 517 | 14.3 | 89 | 7x |
Joint dark stores | 9 | 7 | 28.6 | 1 | 9x |
X5 Group10 | 21,760 | 21,323 | 2.0 | 19,479 | 11.7 |
Selling space and number of stores added by format
SELLING SPACE, | NET ADDED | NET ADDED | CHANGE Y-O-Y, |
SQUARE METRES (SQ. M) | Q1 2023 | Q1 2022 | % OR MULTIPLE |
Pyaterochka | 137,677 | 134,964 | 2.0 |
Perekrestok | (17,466) | (4,232) | n/a |
Karusel | (49,225) | (19,081) | n/a |
Chizhik | 21,998 | 5,034 | 4x |
Joint dark stores | 2,171 | 1,469 | 47.8 |
X5 Group10 | 95,566 | 118,659 | (19.5) |
NET NUMBER OF STORES | |||
Pyaterochka | 385 | 348 | 10.6 |
Perekrestok | (15) | (8) | n/a |
Karusel | (12) | (5) | n/a |
Chizhik | 74 | 17 | 4x |
Joint dark stores | 2 | 1 | 2x |
X5 Group10 | 437 | 358 | 22.1 |
10. Including Vprok.ru dark stores, Mnogo Lososya dark kitchens, Krasny Yar and Slata stores.
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Disclaimer
X5 Retail Group NV published this content on 18 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2023 08:52:10 UTC.
