Dixy September Sales Up 24% Year on Year

The country's third-largest food retailer, Dixy Group, posted a 24 percent year on year increase in September sales Friday, maintaining the same pace as in the previous month.

Revenue totaled 14.4 billion rubles ($454.52 million) last month, bringing the nine-month result to about 132 billion, up 23 percent. Like-for-likes sales fell 0.3 percent in the third quarter but were up 2.7 percent from January to September.

Dixy has said it aims at growing revenue by 25 percent this year, compared to 21 percent on a pro-forma basis in 2012.

The company, the third-biggest domestic grocery chain by sales, behind Magnit and X5, had a total of 1,667 stores as of Sept. 30, up from 1,343 a year ago.