Earnings Report /
Russia

Magnit: New Year sales – Positive

  • Magnit reported sales during 17-31 December, 2021, which have a direct impact on 4Q results

  • The best sales dynamics were demonstrated by hard and soft cheeses, New Year confectionary gifts and New Year products

  • We treat the pre-New Year and January trading results as positive for the stock

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
13 January 2022
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