X5 Retail Group reported a consolidated net retail sales increase of 10.4% to RUB115.88bn (£2.33bn) in its third quarter.

The increase was driven by sales growth at Pyaterochka and to a lesser extent by store growth at its supermarkets and promotions.

X5’s like-for-like sales in quarter three declined by 0.7%, driven by a 2.5% decrease in customer traffic, which was offset by a 1.8% increase in the average basket.

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