Its revenue rose by 185.1% year-on-year to HK$113.8 million with satisfactory SSSG
We will likely miss our target SSSG
of 3 to 5 percent for this year, but remain positive that we can make up for it via margin expansion and bottom-line improvements with the efficiency-enhancing and cost-reduction initiatives in place.
in the first half of the year was driven by the drugstore segment which registered double-digit SSSG
of 11.2 percent, followed by supermarket at 4.3 percent, DIY at 3.6 percent, specialty stores at 3.6 percent, and convenience store at 2.3 percent.
The supermarket business remains the biggest segment, accounting for 55.5 percent of consolidated sales with Robinsons Supermarket ending first quarter SSSG
with 5.5 percent.
"We were able to sustain our SSSG
in the last quarter of 2018, driven by higher consumer spending fueled both by minimum wage inflation and higher take-home pay as a result of the tax reform law passed early 2018," Puregold said.
To shed light on this issue, we analyzed five years (2008-2012) of SSSG
, margin and valuation data for 89 retailers across a variety of segments.
Shoe retailer Belle International spiked 4.4 percent as investors cheered its positive first quarter same store sales growth (SSSG
Shoe retailer Belle International jumped 4.4% as investors cheered its positive first quarter same-store sales growth (SSSG
RRHI recorded a 27.7-percent increase in consolidated net sales of P77.2 billion in the first semester, driven by the same store sales growth (SSSG
) of 3.9 percent, additional sales coming from new stores opened in the last 12 months and the consolidation of Rustan Supercenters, which it acquired in November 2018.
This resulted in Same Store Sales Growth (SSSG
) at only +0.1% but an improvement from 2017 where it was -0.9%.
This, as Puregold stores registered stronger than expected same store sales growth (SSSG
) of 5.8 percent in 2018, while S&R registered a SSSG
of 8.4 percent during the same period.
Its stores registered stronger than expected same store sales growth (SSSG
) of 5.8 percent during the period, while S and R registered a SSSG
of 8.8 percent.