In today’s briefing:
- Ace Hardware Indonesia (ACES IJ) – New Product Cycles and Formats
Ace Hardware Indonesia (ACES IJ) – New Product Cycles and Formats
- Ace Hardware Indonesia (ACES IJ) results revealed a positive finish to 2023 and an optimistic outlook for 2024, with new store rollout and shorter promotion periods set to boost sales.
- ACES continues to roll out its new format stores and renovate existing stores with a positive result, with 20 stores expected to be renovated in 2024 and 15-20 new stores,
- The company has seen strong momentum in 2M2024 with +10% SSSG and remains confident about the outlook, with positive guidance for growth. Valuations remain attractive versus history.
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