Pan Pacific International Holdings extends gains as domestic retail same-store sales top year-ago levels for 48th straight month
Pan Pacific International Holdings Corporation <7532> shares extended a sharp rally Thursday after the firm released its preliminary monthly sales report for May following Wednesday's close, showing that same-store sales in its domestic retail business rose 8.10% year-on-year, marking the 48th straight month of year-on-year growth.
The results were supported by a two-day increase in the number of holidays compared with the prior year, alongside strong sales of seasonal merchandise and leisure-related products, with all product categories surpassing year-ago levels. Concurrently, a last-minute surge in demand?centered on next-generation gaming consoles ahead of upcoming price hikes?lifted sales of electronics products. Total store sales rose 10.20% year-on-year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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