Earnings ReportJeronimo Martins reported a significant shortfall in their Q4-23 trading update, with Biedronka and Ara experiencing a notable decline in like-for-like sales, raising concerns about the company's growth momentum.
Expansion StrategyAra's store expansion fell substantially below expectations, with the company missing the consensus target for net new stores, indicating a slowdown in its growth strategy that may impact future revenue.
Sales PerformanceBiedronka's like-for-like sales growth of 5.1% underperformed relative to the sector's food inflation rate of 7.1%, signaling potential competitive and operational challenges for Jeronimo Martins.