PT Matahari Department Store Tbk (ISX:LPPF)
Rp 1605 20 (1.22%) Market Cap: 1.95 Til Enterprise Value: 4.93 Til PE Ratio: 6.06 PB Ratio: 17.31 GF Score: 73/100
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Q3 2019 Matahari Department Store Tbk PT Earnings Call Transcript

Oct 28, 2019 / 09:30AM GMT
Release Date Price: Rp3890 (+3.73%)
Operator

Ladies and gentlemen, welcome to PT Matahari Department Store Third Quarter and 9 Months 2019 Earnings Call. Our call for today will be hosted by Mr. Richard Gibson, CEO; and Mr. Niraj Jain, CFO. (Operator Instructions) I must advise you that this conference is being recorded.

I would now like to hand the conference over to your first speaker today, Mr. Richard Gibson, CEO. Thank you. Please go ahead.

Richard Thomas Gibson
PT Matahari Department Store Tbk - VP Director, CEO & Member of Board of Management

Thank you. Good afternoon, everybody, and thank you for joining our third quarter 2019 earnings call. As normal, this call will be recorded and the audio file will be posted onto our website afterwards.

The macro and retail environment remains competitive. We remained essentially flat in both same-store sales growth and overall sales, thus a disappointing quarter in terms of results. We believe we still have much work to do internally to improve our fashionability and our assortment. Evidence of this can be seen in our underperformance

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