Hervey (Saudi Arabia) takeaways - Expansion to decelerate post-2016, to focus on underpenetrated areas, new meat plant in the works
- Same store sales growth was negative in 2015 (-1.5%), with trends weakening further (to c3%) in 1Q2016 so far. This, however, is better than peers’ estimated decline and is mainly on the back of weakened market demand and a squeeze in purchasing power,
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