Thailand: BJC reports decrease of 13.2% for Q2 2020

Date : 18 August 2020

Soo-Eng Tan

Senior Retail Analyst

BJC’s consolidated revenue for Q2 2020 reached THB38,604 (US$1,239m), declining by 13.2% due to lower sales across most of its segments except healthcare. Grocery retail segment was also adversely impacted due to COVID-19 measures.

Grocery retail sales decreased by 11.7%

BJC recorded sales of THB25,698m for its grocery retail business, a drop of THB3,292m (US$106m) or -11.7%. Same-store-sales-growth for the quarter was -21.1% due to COVID-19 related measures. Non-food retail areas had to be closed, alcohol sale was banned and store service hours were reduced due to night time curfew. Gross profit margin also decreased from 17% in Q2 2019 to 15.7% in Q2 2020 as its sales mix changed when non-food areas in hypermarkets were closed.

Small format stores expansion

The retailer opened 46 Mini Big C stores and closed 6 stores in the quarter. By the end of June 2020, the retailer had 151 large format stores (Big C Supercenter and Big C Extra), 61 supermarkets (Big C Market, Big C Food Place, and Big C Depot), 1,094 Mini Big C (including 63 franchise stores), and 142 Pure drugstores.