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Author Topic: Naivas nailing retail sector  (Read 943 times)

Offline gout

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Naivas nailing retail sector
« on: May 23, 2023, 06:38:03 AM »
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Net margins above 2.5 are good.

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Previous disclosures showed that the retailer reported sales of Sh65.1 billion in the year ended June 2021 when its net profit stood at Sh2 billion, representing a net margin of 3.18 percent.

This was an improvement from the prior year when it made a net income of Sh1 billion on sales of Sh54 billion, amounting to a net margin of Sh1.9 percent.

https://www.businessdailyafrica.com/bd/corporate/companies/naivas-posts-sh2-billion-profit-in-nine-months--4243218
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Offline RV Pundit

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Re: Naivas nailing retail sector
« Reply #1 on: May 23, 2023, 06:54:00 AM »
Yes..CARREFOUR not ready to go everywhere n eat their pie..so they are unchallenged

Offline kneegrow04

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Re: Naivas nailing retail sector
« Reply #2 on: May 23, 2023, 10:05:14 AM »
CARREFOUR is doing fine. Opening many branches does not necessarily result in profitability.

Quote from: RV Pundit on May 23, 2023, 06:54:00 AM
Yes..CARREFOUR not ready to go everywhere n eat their pie..so they are unchallenged

Offline hk

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Re: Naivas nailing retail sector
« Reply #3 on: May 23, 2023, 10:25:24 AM »
Quote from: kneegrow04 on May 23, 2023, 10:05:14 AM
CARREFOUR is doing fine. Opening many branches does not necessarily result in profitability.

Quote from: RV Pundit on May 23, 2023, 06:54:00 AM
Yes..CARREFOUR not ready to go everywhere n eat their pie..so they are unchallenged
Carrefour does 40b about half of naivas revenue with a quarter number of outlets https://www.standardmedia.co.ke/business/business/article/2001468456/carrefour-sales-rise-to-sh40b-on-branch-expansion-e-commerce . Definitely carrefour revenue per square foot is much higher(indication of profitability). Quickmatt is more comparable to naivas and addresses the same market.
Outside investors have helped naivas turbo charge their growth and probably infused more professional management into the supermarket chain.

Offline RV Pundit

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Re: Naivas nailing retail sector
« Reply #4 on: May 23, 2023, 11:47:57 AM »
If carrefour decide to spread - they will challenge Naivas - as they are cheapest- and drive hard bargain from suppliers. Naivas and quickmart need foreign investors so they can remove what killed Tuskys and Nakumatt - Bad corporate governance.

Quote from: hk on May 23, 2023, 10:25:24 AM
Carrefour does 40b about half of naivas revenue with a quarter number of outlets https://www.standardmedia.co.ke/business/business/article/2001468456/carrefour-sales-rise-to-sh40b-on-branch-expansion-e-commerce . Definitely carrefour revenue per square foot is much higher(indication of profitability). Quickmatt is more comparable to naivas and addresses the same market.
Outside investors have helped naivas turbo charge their growth and probably infused more professional management into the supermarket chain.
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