Lenta Company News - 4Q 19 revenue declined by 1.4% yoy, retail sales were flat
Last Friday, Lenta released a weak 4Q 19 trading update showing a revenue decline of 1.4% yoy and flat retail sales. The latter were caused by negative LFL sales and small selling space growth. The company is working to improve the customer value proposition of its stores, while its new strategy is expected to be in development for around two more quarters.Lenta is a hypermarket group based in Russia. Co. operates 87 hypermarkets in 50 cities across Russia and 16 supermarkets in the Moscow region with a total of approximately 571,328 sq.m. of selling space. Co. also operates four distribution centers for hypermarkets and one for supermarkets. operates three hypermarket formats: Standard, typically with approximately 7,000 sq. m. of selling space (smaller than many Western European hypermarkets) and 24,000 stock keeping unit (SKUs); Compact, typically with approximately 5,000 sq. m. of selling space and 20,300 SKUs; and Supercompact, typically with approximately 3,000 sq. m. of selling space and 15,000 SKUs.
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