ERAA – SSSG up 6% yoy in 1Q24

ERAA – SSSG up 6% yoy in 1Q24 Erajaya Swasembada (ERAA) posted an increase in SSSG of 5-6% yoy in 1Q24 due to an increase in each store productivity. ERAA has implemented a number of strategies, including expanding the product portfolio, especially for the mass market, improving the quality of service from frontliners, and increasing promotional programs ranging from product bundling, discounts, and a series of various promotional events. Note that, ERAA posted revenue of IDR16.64 tn (+12% yoy) and net profit of IDR255.26 bn (+8.39% yoy) in 1Q24. (Source : Kontan)