Blue Square-Israel (BSI) Reports Q1 Earnings; Comments on Same Store Sales Decline
Blue Square-Israel Ltd. (NYSE: BSI) reports Q1 EPS of $0.15. Revenue for the quarter was $421.4 million.
Supermarket same store sales for the period decreased by 7.1% due to the decrease in stores that were converted to "Mega Bool" Format Hard Discount, which is characterized by low prices.
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