Lenta’s net profit in the third quarter fell by almost 80% – Kommersant
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Retailer Lenta in the third quarter increased revenue by 7.3% year on year, to 136 billion rubles, it says reporting. Net profit for the reporting period fell by 79.9%, amounting to 258 million rubles. against 1.285 billion rubles. a year earlier.
Retail sales grew by 6.1%, to 132.7 billion rubles, like-for-like sales (LfL) – by 8%, average check – by 3.6%. Gross profit increased by 4.6%, to RUB 27.7 billion, amid rising sales. EBITDA decreased by 6.7% to RUB 7 billion.
Lenta is the fourth-largest food retailer in Russia by revenue. As of June 30, 2023, Lenta operated 260 hypermarkets, 513 supermarkets and Mini Lenta stores. In October, the company closed a deal to acquire the Monetka chain, which operates 2.1 thousand points of sale in the Urals and Western Siberia.
Details – in the material “Kommersant” “Lenta tossed a Coin”.
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