Russia's second-biggest food retailer X5 Retail Group reported a 23.1 percent year-on-year rise in sales in the third quarter.
The company, just under 50 percent owned by Russian billionaire Mikhail Fridman's Alfa-Group, said its sales in the July-September period rose to 152 billion rubles ($3.8 billion).
The number of customers at its Pyatyorochka discount stores rose 17.6 percent from a year earlier, it said Friday.
The average spend per customer rose across the group's stores, with the biggest gain seen at Pyatyorochka.
Customers on average spent about 334 rubles ($8.30) each per visit in X5 retail stores, up 7.8 percent.
Like-for-like sales were up 13.3 percent, but monthly results showed a declining trend between July and September.
X5, Russia's second-biggest retailer after Magnit, has been struggling to turn around its business after a strategy shift several years ago and a series of management changes.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
