Ace Hardware Indonesia remains a top pick amongst Indonesian retailers with valuations well below historical levels, despite numerous initiatives in place both online and offline driving higher growth
What is covered in the Full Insight:
Background
Increasingly solid performance
SSSG maintaining momentum
Changing the make-up of stores
Positive growth momentum with lower valuations
Boomeranged on Thu, 20 Jun 2024 09:47
Ace Hardware Indonesia booked another set of positive SSSG numbers for May, with +10.1% YoY growth, defying seasonal trends and in stark contrast to the typical post-Lebaran slowdown experienced in prior years.
Java ex-Jakarta stores leading the charge with +11.1% YoY growth. Ex-Java stores grew by +10.9% YoY 10.9%. Jakarta's growth of +6.6% also driving overall;l growth in SSSG.
SUMMARY
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