Profil:
CCC SACCC footwear sees positive start to Q4, sales up by around 10 percent
Listed footwear group CCC estimates that it has had a very good start to the fourth quarter of the financial year. In the period from November 1 to 24, 2024, the group's sales revenue increased by 10.3 percent year on year to PLN 934.9 million (EUR 216.9 mln), the group said in its quarterly report.
The company pointed out that revenue figures for the period from November 1 to 24, 2024 are not fully comparable to the same period last year due to an unfavourable calendar arrangement - a later start of the so-called Black Week, this is the most important sales period for the fourth quarter and the whole year, affecting the inflated comparative base.
CCC reported that positive LFL growth was recorded by the CCC and HalfPrice banners in the period November 1-24.
The group's operating gross margin (before royalties) was 51.1 percent, 4.1 p.p. higher than in the same period last year (in local currencies 52.7 percent and +5.8 p.p. respectively).
The CCC Group's gross sales profit increased by 20.0 percent year on year (in local currencies +28.4 percent).
"Bearing in mind the challenging comparative base due to the calendar effect, the management is very satisfied with the sales revenue dynamics achieved in the period under review. The level of revenue and gross sales profit achieved is considered by the management to be an excellent start to the fourth quarter, particularly considering the upcoming sales peaks related to Black Week and the Christmas period (particularly relevant for HalfPrice)," the report said.
"The Group maintains strong cost discipline across all business lines. The programme to improve the profitability of the Modivo Group is continuing effectively, particularly by reducing overheads and increasing the efficiency of performance marketing," the company added.
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