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RYOHIN KEIKAKU shares slip despite fourth straight month of same-store sales growth
RYOHIN KEIKAKU CO.,LTD. <7453> shares fell on May 8. Following the market close on May 7, the company reported that April domestic comparable sales?combining retail and online store performance?rose 3.1% year-on-year, marking the fourth consecutive month of growth. However, the results were largely seen as factored into the share price, leading to limited further buying.
The company mitigated the post-promotion lull following March’s "Muji Week," with apparel, household goods, and food all outperforming year-earlier levels. Additionally, the "GOOD POINT WEEK" member campaign that began April 29 saw a solid start. Total sales across all retail and e-commerce channels climbed 7.1% year-on-year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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