ACES - Recorded a 10% yoy SSSG on November'23

ACES - Recorded a 10% yoy SSSG on November'23 Ace Hardware Indonesia (ACES) recorded a solid performance with IDR649 bn in sales and a 10% yoy same store sales growth (SSSG) on Nov'23 (vs 5.4% yoy on Oct'23). Based on area, ACES' sales on Nov'23; Jakarta (+2.7% yoy), Java ex Jakarta (+11.3% yoy) and outside Java (+12.8% yoy). As a result, ACES' sales reached IDR6.7 tn with a 7.6% yoy SSSG in 11M23. Note that, ACES' SSSG in 11M23 has exceeded its SSSG target in 2023 of 6.5% yoy. (Source: Company)