Dairy Farm sales rise in four business divisions

Asia .
Dairy Farm sales rise in four business divisions

Inside Retail Asia: Dairy Farm International has reported like-for-like sales growth in four of its five operating divisions in the first quarter, despite what it described as “mixed market conditions”. In an interim management statement, the Hong Kong-headquartered pan-Asian retail company said underlying earnings were also higher than the first quarter of last year, following the adoption of the new lease-accounting standard.

Dairy Farm operates more than 9700 outlets on its own or with partners – including supermarkets, hypermarkets, convenience stores, health and beauty stores, home furnishings stores and restaurants – employing more than 230,000 people. Its banners include 7-Eleven (in Hong Kong and Singapore), Starbucks (Hong Kong, Singapore, Vietnam and Cambodia), Giant (Malaysia and Singapore), Wellcome supermarkets (Hong Kong) and Guardian.

Total sales last year exceeded US$21 billion. Full original article: https://insideretail.asia/2019/05/09/dairy-farm-sales-rise-in-four-business-divisions/#daily

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