Discount Chain Saw Huge Gains: Revenue and New Location Revealed
Cashing In: Fix Price's Q1 2025 Profit Surge
The Dough
Budget-friendly retailer Fix Price gave its balance sheet a solid boost, raking in a 4.4% net profit hike (under international financial reporting standards) in Q1 2025. Totaling 3.435 billion Russian rubles, this impressive figure was announced straight from Fix Price's PR division.
The Crunch Numbers
Fix Price's EBITDA climbed a сте financial savvy 2.7%, setting a new record at 10.041 billion Russian rubles. revenue-wise, the retailer grossed a 3.9% increase in the January-March period, hitting 74.444 billion rubles. The EBITDA margin saw a slight dip to 13.5%, standing tall compared to the 13.6% recorded in Q1 2024.
Sales for Fix Price's stores (on a like-for-like basis) experienced a 1.6% increase in Q1, thanks to the leap year effect. Excluding this factor, the sales growth shrank to 0.4%. The average check size increased by 3.1% and 3.2% (with and without the leap year effect, respectively), while foot traffic in stores grew by 1.5% and 2.7%.
Store Expansion
Fix Price bolstered its footprint with 117 new stores during Q1, bringing its grand total to 7,282 shops. The number of stores under the company's management escalated to 7,379, while the franchise tally dropped to 721.
The retail space covered by Fix Price swelled to 1.575 million square meters, representing a solid 11% increase over the same period in 2024.
Belarusian Blitz
Fix Price aimed its growth strategy at Belarus in 2024, doubling its presence in the region to 335 stores. The delivery of goods launched in Minsk in Q1 2025, with 13 stores in three cities joining the mission. Fix Price generated 489 jobs in the region last year.
Keep The Faith
Fix Price's Q1 2025 net profit figures stood out in the retail world, but the data landscape offers little to comparatively analyze. Companies like CTO Realty Growth, Phillips Edison, NOV, Tractor Supply, and Strategy LLC saw various financial highs and lows in the same period.
For the most accurate assessment of Fix Price's performance, investors should keenly follow the retailer's official investment updates to lay their hands on the precise figures and draw informed conclusions. Ceasefire on those spreadsheets, folks - it's time to crunch!
- Fix Price's net profit surge in Q1 2025, amounting to 3.435 billion rubles, was a significant increase in sales within the retail industry.
- The retailer's EBITDA climbed by 2.7%, reaching 10.041 billion rubles, which is a noteworthy financial achievement in the business sector.
- In Belarus, Fix Price managed to double its stores to 335 in 2024 and expanded further with 13 stores in Q1 2025, contributing to the creation of 489 jobs in the region.
- The average check size in Fix Price's stores increased by 3.1%, and foot traffic grew by 1.5%, indicative of a steady expansion in the retail business.
- Despite Fix Price's impressive Q1 2025 net profit figures, it is crucial for investors to closely monitor the retailer's official investment updates for a comprehensive understanding of its performance and to make informed decisions.
