Dairy Farm reports COVID-19 impact on its Q1 2021 operations

Dairy Farm reports COVID-19 impact on its Q1 2021 operations


Shopper behaviour has now normalised, affecting comparison with sales performance in 2020
Since spending patterns of consumers have now normalised compared with the high sales base in the first quarter of 2020, like-for-like sales of Dairy Farm’s grocery retail business is lower compared to the same period last year.  The Group expects continued pressure on comparing sales and profitability year-on-year due to:
This year’s normalisation of shopping behaviour in grocery retail
Reduced levels of government support
Uncertainty on the relaxation of travel restrictions
Mixed performance across the various channels
Large store formats: sales performance in Indonesia continues to be the most severely impacted by the pandemic, given the country’s ongoing movement restrictions that has consequently reduced store traffic

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