The profit of Fix Price Group PLC according to IFRS for the first quarter of 2024 decreased by 43.8% to RUB 3.29 billion from RUB 5.85 billion a year earlier. Revenue increased by 8.8% to 71.68 billion rubles from 65.89 billion rubles, gross profit - by 6.7% to 23.43 billion rubles from 21.96 billion rubles. Adjusted EBITDA fell by 12.7% to RUB 9.99 billion from RUB 11.4 billion. This is stated in the company's message.
During the reporting period, the company opened 131 stores (including closures, as well as including 6 franchised stores). As of March 31, 2024, the total number of stores reached 6,545.
Fix Price is a chain of stores with low fixed prices.
Best Price LLC is a subsidiary of Fix Price Group PLC.
The net profit of Best Price LLC according to RAS for 2023 increased by 11.5% to RUB 21.9 billion from RUB 19.7 billion a year earlier. Revenue increased by 3.3% to 280.997 billion rubles from 272.09 billion rubles, gross profit – by 4% to 94.3 billion rubles from 90.57 billion rubles, profit before tax – by 7.8% to 28.8 billion rubles from 26.7 billion rubles.
