Berli Jucker (BJC), operator of Big C in Thailand, reports a decline in total consolidated revenue of 0.1% for Q3 2019.
Decline attributed to lower retail sales
Its retail division, which consists of Big C grocery stores and Pure drugstores, recorded total sales of THB27.3bn (US$900m) for Q3 2019, a decrease of -1.4% over the same period last year. Same store sales slowed down to -4.9% year-on-year for the quarter. Other income including rental income reached THB4bn (US$130m), increasing 4.8% over the same period last year.
Gross profit margin increased
Modern supply chain gross profit margin increased to 17.1% from 16.8% in Q3 2018. The margin improvements came from across most of the divisions and lower logistic costs.
Store expansion focused on convenience
The retailer added 1 hypermarket, 1 Big C Foodplace supermarket, 61 Mini Big C (closed 9 stores) and 3 Pure drugstores in the quarter. Total stores at the end of September 2019 reached 148 hypermarkets, 62 supermarkets, 997 Mini Big C convenience and 143 Pure drugstores.