Brief: Russia's O'Key Q2 revenue edges up y/y on discount store boost

O'Key SA

15/08/2023 07:47

Aug 15 (Reuters) - Russia's O'Key Group retail chain
 OKEYq.L   OKEYDR.MM  says:
    * Net retail revenue increased by 0.4% year on year to 49.7
billion roubles ($516.9 million) in the second quarter of 2023;
    * Like-for-like net retail revenue dropped 3.7% year on year
in
Q2;
    * Total online sales grew by 34.4% year on year to 1.9
billion
roubles in Q2;
    * Net retail revenue of DA! discounters grew 14.4% year on
year to
16.2 billion roubles in Q2;
    * As consumers became more price sensitive and increased
demand
for cheaper products, O'Key continued to develop its entry-level
product range under own brands.    

  Further company coverage:  OKEYDR.MM 

($1 = 96.1500 roubles)

 (Reporting by Reuters)