Pan Pacific International Holdings reported September same-store sales up 3.1% year on year, exceeding the year-earlier level for the 3rd consecutive month, but buying interest remained limited.
Pan Pacific International Holdings announced its September monthly sales update (preliminary) after the market closed on the 13th. Domestic retail same-store sales rose 3.1% year on year, while customer traffic fell 1.5% due to inclement weather. Sales secured growth by capturing weekend bulk-buying demand caused by rain and demand for at-home consumption.
The fact that there was 1 more holiday than in the previous year also contributed to sales. Same-store sales in the discount business rose 3.4% year on year, while those in the UNY business rose 2.0%. The article contains no outlook or implications for investment decisions.