date:Apr 30, 2014
Russian food retailer O'Key on Tuesday lowered its sales growth forecast for the year and pledged to reinforce project management to deliver on expansion plans.
I believe that a realistic target for revenue growth is between 12 and 16 percent, said Chief Executive Tony Maher on a conference call.
O'Key replaced the previous CEO in January after he struggled to meet expansion targets. The company missed its new store opening guidance last year and forecast sales growth would slow to 15-19 perce