JERUSALEM, Nov 28 (Reuters) - Shufersal (SAE.TA), Israel's largest supermarket chain, reported on Monday a third-quarter loss, citing higher operating expenses due to measures expected to cut costs next year.
Shufersal said it lost 96 million shekels ($28 million) in the July-September period, versus an 82 million shekel profit a year earlier. Revenue was up 0.2% to 3.81 billion shekels.
The company said the quarterly loss stemmed from it implementing an efficiency plan that includes shifting part of its online operations to an automated delivery centre, a move it expects will save 250 million shekels in 2023.
Online sales slipped to 18.8% of total sales from 19.2% a year earlier. Its own private brand reached 26.7% of food retail sales. Revenue at its drugstore unit dipped 1.8% to 266 million shekels due to a drop in sales of COVID-related products.
($1 = 3.4397 shekels)
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