Pepco posts ‘disappointing profit outturn’ despite record sales
Discount retailer and Poundland parent company Pepco Group has posted a “disappointing profit outturn” after record European store openings and despite a record 17.7% growth in full-year revenue.
In its preliminary trading update for the full year ending September, 30, 2023, Pepco reported sales of €5.6bn (£4.8bn), representing a record growth of 17.7% on a constant currency basis. Like-for-like sales were up 6%.
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