ACES — A 4.6% yoy same-store sales growth in 7M24

ACES — A 4.6% yoy same-store sales growth in 7M24 Aspirasi Hidup Indonesia (ACES) reported a 4.6% yoy same-store sales growth (SSSG) in July 2024, which made its 7M24' SSSG at 9.8% yoy, and has exceeded the company' 7% yoy target for 2024. The growth is attributed to consistent sales across key regions, especially outside Java. Furthermore, ACES’s strategic expansion into new areas with innovative stock-keeping units also contributed to this growth. ACES remains optimistic about achieving around 7% yoy SSSG by the end of 2024, supported by regional diversification and ongoing promotional campaigns. (Source : Kontan)