CPALL’s profit for the 9 months of 2022 exceeded 10,133.98 million baht, an increase of 61.33%, while the total income was 627,195 million baht, an increase of 56.2% compared to the same period last year.
CP All limited liability companies Public Company Limited or CPALL has announced impressive results. and more profit than the market expected In the third quarter of 2022, the company recorded a total revenue of 213.808 million baht, an increase of 64% compared to the same period last year. and reported a net profit of 3,676.93 million baht, an increase of 146.3% over the same period last year.
This is mainly due to the increase in sales revenue and the performance of the convenience store business. Including wholesale and retail of consumer products, which MAKRO has grown better. In addition, the revenues from the Lotus business have been recognized and each business unit’s O2O strategy continues to be a supporting factor.
However, income growth is still supported by the country’s openness. and stimulate the economy As a result, domestic consumption has improved.
CPALL profit for 9 months over ten thousand million baht
With combined revenue for the first 9 months of 2022, CPALL recorded a total revenue of 627,195 million baht, an increase of 56.2% over the same period last year. And the net profit grew to over 10,133.98 million baht, an increase of 61.33% over the same period last year. according to the improvement of all business units
However, looking at the 7-Eleven convenience store business alone, there are currently a total of 13,660 branches nationwide, divided into
1. Corporate branches 6,738 branches (equal to 49%)
2. 6,922 Store Business Partners and Sub-Regional Stores (equivalent to 51%) For the remainder of this year, CPALL plans to invest in approximately 700 new stores, with an estimated investment budget of approximately 11,500-12,000 million baht
In this quarter, average daily sales per store were 76,612 baht, and average same-store sales increased by 22.1 percent compared to the same period last year. with about 82 baht per bill, while the average number of customers per branch per day is 928 people.
Analyst Choir “Buy” CPALL
After the Q3 2022 announcement, it emerged that various analysts gave recommendations to “buy” CPALL stock, giving supporting reasons, broken down into 3 main bullet points as follows.
1. 3Q22 profit grows better than expected
CPALL reported a profit in the third quarter of 2022 of 3,676.93 million baht, which was about 20% better than the market estimate, mainly from the sales of the convenience store (7-Eleven) business, particularly from the growth of high-margin products. Including non-food items such as personal items and medicine Which has become popular again when there is more travel.
2. Same Store Sales Growth (SSSG)
SSSG in 3Q2022 was 22.1%, compared to 14.2% in 2Q22 and a decline of 9.2% in 3Q21, all driven by a recovery in the number of customers per store per day which has 928. person
3. Outlook for Q4/2022 remains solid
because there will be positive factors from the gradually returning purchasing power In addition, entering the peak season from the festival of the year and traveling This will also help support spending. In addition, the works of MAKRO and Lotus also have better direction.
Information updated as of November 14, 2022.
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