AMRT – Better performance on stores expansion

AMRT – Better performance on stores expansion Sumber Alfaria Trijaya (AMRT) expects better performance in 2H24 on new store openings and promotions, such as year-end discounts. Moreover, the local and regional elections will be held this November along with the free nutritious meal program, which are expected to boost public consumption and increase retail sales. Note that, AMRT plans to open 1,450 new stores (includes 200 in a store in store format) this year with its focus on openings in outside Java area. As a result, AMRT expects the number of its stores in outside Java area to be around 37-38% of its total stores, in the long run. At the same time, AMRT is also constructing 2 new distribution centers, located in Gorontalo and Palopo, which is expected to help to stabilize the distribution costs in the area. Moreover, AMRT is also broaden its products selection and pushing the sales of a high-margin product, in order to grow its sales and expands its margins. All in all, AMRT expects its SSSG this year to be at the mid-single digits, with around 10-11% yoy revenue growth. (Source : Kontan)