X5 RETAIL GROUP X5.RU 01
X5 Group Q3 2023 net sales increase 22.7% Digital business net sales up 97.9%
Q3 2023 HIGHLIGHTS
+22.7% y-o-y
Total net sales increased by RUB 147.1 billion
driven by a 10.2% y-o-y increase in like-for- like (LFL1) sales and selling space expansion
+784 new stores
X5 net new stores in Q3 2023
Including 513 proximity stores, 262 hard discounters, 5 dark kitchens, and 5 Krasny Yar and Slata stores
One Perekrestok supermarket (net) was closed.
3xy-o-y
Chizhik net sales increased by RUB 21.6 billion, totalling RUB 31.4 billion in Q3 2023
Chizhik opened 262 stores in Q3 2023
+18.7%y-o-y
Net retail sales for Pyaterochka2 increased by RUB 100.7 billion, reaching RUB 639.5 billion
+9.1% y-o-y
Net retail sales for Perekrestok increased by RUB 8.2 billion, reaching RUB 97.3 billion
97.9%y-o-y
Digital business net sales3 increased by RUB 14.4 billion, totalling RUB 29.2 billion
3.7% of total net sales
+1.7 p.p. of the consolidated revenue growth rate
Amsterdam
17 October 2023
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 the third quarter (Q3) and nine months (9M) ended 30 September 2023.4
- 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 the express delivery service from stores and dark stores that have operated for less than 12 full months are also included in LFL calculations.
- Including Pokupochka, Pokupalko, Victoria, Deshevo, CASH
- 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 businesses5
CHANGE | CHANGE | |||||
Y-O-Y, % OR | Y-O-Y, % OR | |||||
RUB MLN | Q3 2023 | Q3 2022 | MULTIPLE | 9M 2023 | 9M 2022 | MULTIPLE |
Pyaterochka | 625,287 | 534,474 | 17.0 | 1,768,071 | 1,548,119 | 14.2 |
Perekrestok | 89,293 | 84,980 | 5.1 | 275,462 | 267,318 | 3.0 |
Chizhik | 31,386 | 9,742 | 3x | 76,685 | 20,659 | 4x |
Offline net sales6 | 765,327 | 632,641 | 21.0 | 2,178,740 | 1,849,434 | 17.8 |
Digital businesses' net sales | 29,182 | 14,749 | 97.9 | 81,806 | 48,295 | 69.4 |
Total net sales | 794,509 | 647,390 | 22.7 | 2,260,546 | 1,897,729 | 19.1 |
Net retail sales7 by format
Including express delivery; excluding Vprok.ru and 5Post sales
CHANGE | CHANGE | |||||
Y-O-Y, % OR | Y-O-Y, % OR | |||||
RUB MLN | Q3 2023 | Q3 2022 | MULTIPLE | 9M 2023 | 9M 2022 | MULTIPLE |
Pyaterochka | 639,516 | 538,842 | 18.7 | 1,805,414 | 1,562,353 | 15.6 |
Perekrestok | 97,335 | 89,185 | 9.1 | 299,178 | 281,095 | 6.4 |
Chizhik | 31,435 | 9,742 | 3x | 76,765 | 20,659 | 4x |
Net retail sales8 | 788,492 | 641,778 | 22.9 | 2,242,251 | 1,879,011 | 19.3 |
- In the tables and text in this press release, immaterial deviations in the calculation of % change, subtotals and totals are due to rounding.
- Including Krasny Yar and Slata. Including Karusel for Q3 2022 and 9M 2022.
- 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 Q3 2023 financial results.
- Including Mnogo Lososya, Krasny Yar and Slata. Including Karusel for Q3 2022 and 9M 2022.
X5.RU 03
Q3 and 9M 2023 LFL store performance by format
% change y-o-y
Q3 2023 | 9M 2023 | |||||
SALES | TRAFFIC | BASKET | SALES | TRAFFIC | BASKET | |
Pyaterochka | 10.4 | 6.1 | 4.1 | 8.7 | 5.8 | 2.7 |
Perekrestok | 9.5 | 2.2 | 7.2 | 6.0 | 1.9 | 4.0 |
X5 Group9 | 10.2 | 5.7 | 4.3 | 8.2 | 5.4 | 2.7 |
Q3 2023 monthly net retail sales (RUB) by format
change y-o-y, % or multiple
JULY 2023 | AUGUST 2023 | SEPTEMBER 2023 | |
Pyaterochka | 14.1 | 17.2 | 19.8 |
Perekrestok | 3.6 | 6.4 | 5.2 |
Chizhik | 4x | 3x | 3x |
Offline business total | 18.4 | 21.3 | 23.4 |
Digital business total | 99.5 | 100.7 | 93.9 |
Total | 20.0 | 23.0 | 25.3 |
9. Excluding Krasny Yar and Slata, Vprok.ru and Mnogo Lososya; including Chizhik.
X5.RU 04
AVERAGE TICKET AND NUMBER OF CUSTOMER VISITS
Q3 and 9M 2023 average ticket and customer visits by offline format
CHANGE | CHANGE | |||||
Y-O-Y, % OR | Y-O-Y, % OR | |||||
AVERAGE TICKET, RUB | Q3 2023 | Q3 2022 | MULTIPLE | 9M 2023 | 9M 2022 | MULTIPLE |
Pyaterochka | 440.1 | 422.2 | 4.2 | 448.4 | 437.0 | 2.6 |
Perekrestok | 662.0 | 614.9 | 7.7 | 685.2 | 656.1 | 4.4 |
Chizhik | 555.3 | 600.2 | (7.5) | 563.3 | 646.4 | (12.8) |
X5 Group10 | 463.3 | 444.9 | 4.1 | 473.8 | 463.6 | 2.2 |
NUMBER OF CUSTOMER VISITS, MLN | ||||||
Pyaterochka | 1,669.3 | 1,465.6 | 13.9 | 4,615.9 | 4,109.0 | 12.3 |
Perekrestok | 168.3 | 165.5 | 1.7 | 499.0 | 490.5 | 1.7 |
Chizhik | 64.3 | 18.5 | 3x | 154.9 | 36.4 | 4x |
X5 Group10 | 1,951.3 | 1,653.5 | 18.0 | 5,415.8 | 4,650.4 | 16.5 |
Q3 2023 average monthly ticket and customer visits by offline format
change y-o-y, % or multiple
AVERAGE TICKET | JULY 2023 | AUGUST 2023 | SEPTEMBER 2023 |
Pyaterochka | 3.3 | 5.8 | 3.6 |
Perekrestok | 8.2 | 9.6 | 5.2 |
Chizhik | (11.6) | (6.3) | (5.6) |
X5 Group10 | 3.4 | 5.8 | 3.2 |
NUMBER OF CUSTOMER VISITS | |||
Pyaterochka | 11.9 | 12.5 | 17.6 |
Perekrestok | (0.3) | 0.6 | 4.8 |
Chizhik | 4x | 3x | 3x |
X5 Group10 | 16.1 | 16.4 | 21.8 |
10. Including Krasny Yar and Slata. Including Karusel for Q3 2022 and 9M 2022.
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 30-SEP-23 | AS AT 31-DEC-22 | OR MULTIPLE | AS AT 30-SEP-22 | % OR MULTIPLE |
Pyaterochka | 8,139,969 | 7,497,056 | 8.6 | 7,385,832 | 10.2 |
Perekrestok | 1,066,459 | 1,085,496 | (1.8) | 1,093,005 | (2.4) |
Chizhik | 316,888 | 152,370 | 108.0 | 93,018 | 3x |
Joint dark stores | 10,258 | 8,087 | 26.8 | 5,358 | 91.5 |
X5 Group11 | 9,859,610 | 9,107,479 | 8.3 | 8,759,191 | 12.6 |
NUMBER OF STORES | |||||
Pyaterochka | 20,761 | 19,164 | 8.3 | 18,865 | 10.1 |
Perekrestok | 955 | 971 | (1.6) | 971 | (1.6) |
Chizhik | 1,071 | 517 | 107.2 | 316 | 3x |
Joint dark stores | 9 | 7 | 28.6 | 4 | 125.0 |
X5 Group11 | 23,466 | 21,323 | 10.1 | 20,230 | 16.0 |
Selling space and number of stores added by format
CHANGE | CHANGE | |||||
SELLING SPACE, | NET ADDED | NET ADDED | Y-O-Y, % OR | NET ADDED | NET ADDED | Y-O-Y, % OR |
SQUARE METRES (SQ.M) | Q3 2023 | Q3 2022 | MULTIPLE | 9M 2023 | 9M 2022 | MULTIPLE |
Pyaterochka | 240,097 | 114,542 | 109.6 | 642,913 | 337,344 | 90.6 |
Perekrestok | (712) | (14,697) | n/a | (19,038) | (5,900) | n/a |
Chizhik | 77,330 | 48,889 | 2x | 164,518 | 72,691 | 2x |
Joint dark stores | - | - | n/a | 2,171 | 5,358 | (59.5) |
X5 Group11 | 318,589 | 115,612 | 175.6 | 752,131 | 349,434 | 115.2 |
NET NUMBER OF STORES | ||||||
Pyaterochka | 513 | 307 | 67.1 | 1,597 | 893 | 78.8 |
Perekrestok | (1) | (14) | n/a | (16) | (19) | n/a |
Chizhik | 262 | 163 | 60.7 | 554 | 244 | 2x |
Joint dark stores | - | - | n/a | 2 | 4 | (50.0) |
X5 Group11 | 784 | 448 | 75.0 | 2,143 | 1,109 | 93.2 |
11. Including Vprok.ru dark stores, Mnogo Lososya dark kitchens, Krasny Yar and Slata stores. Including Karusel for Q3 2022 and 9M 2022.
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Disclaimer
X5 Retail Group NV published this content on 17 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 October 2023 07:26:04 UTC.
