Jerónimo Martins has announced its FY2022 premlinary results, revealing a positive performance across all countries where it operates, Colombia, Poland, and Portugal. Positive sales growth Jerónimo Martins saw sales grow 21.5% to €25.4 bn in 2022, with like-for-like (LFL) sales rising 19.6%. The retailer revealed the positive results as the group continued to invest in price, of which gave sh...

OXXO, a Mexican convenience store chain (owned by FEMSA), recently announced it will open two new stores every three days until the end of the year. As of September 30, 2022, OXXO operated 20,899 stores across Latin America, and in November last year, it announced its 10-year plan to open 10,000 stores. Following a successful acquisition of Valora Group (more below), we will soon start to see ...

Jerónimo Martins has announced its Q3 2022 results, revealing a strong sales performance across all countries where it operates, Colombia, Poland, and Portugal. The groups consolidated sales for nine months (9M) increased by 21% to €18,392m compared to the same period in 2021. Overall sales performance Jerónimo Martins’ Q3 consolidated sales increased by 22.7% to €6.5 bn compared to Q3 2021...