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Pan Pacific snaps 4-day losing streak as March same-store sales mark 46th month of growth
Pan Pacific International Holdings Corporation <7532> snapped a four-session losing streak. The advance came after the company released its preliminary March sales results after the bell on the 10th, showing domestic retail same-store sales rose 4.2% year-on-year, marking a 46th consecutive month of growth.
While unit prices for certain items fell due to increased sales of stockpiled rice and a pullback in vegetable prices, overall sales remained robust thanks to bulk purchasing amid Middle East tensions and broad-based gains in non-food categories. In addition, promotional campaigns celebrating the majica app topping 20 million members, alongside TV commercials, contributed to increased foot traffic.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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