RNB Retail’s Q3 comparable sales down 32.1 percent

For the third quarter to May 31, 2020, RNB Retail said net sales decreased to 324 million Swedish krona compared to 511 million Swedish krona in the same quarter of the previous year, while the company’s comparable sales for decreased by 32.1, percent. Sales for comparable units in Sweden decreased by 32.5 percent. The company said in a statement that operating income was 285 million Swedish krona, down 17 percent, profit after tax was 318 million Swedish krona, down 27 percent and earnings per share were negative 3.12 Swedish krona compared to negative 0.79 Swedish krona last year.