*FOR 25 WEEKS TO 22 MARCH 2026, PEPCO REVENUE WAS UP +4.8% ON CONSTANT CURRENCY BASIS, WITH LIKE-FOR-LIKE $(LFL)$ REVENUE GROWTH OF +4.2% EXCLUDING FMCG
*THIS INCLUDED POSITIVE LFL PERFORMANCE IN POLAND AND CONTINUED DOUBLE-DIGIT LFL GROWTH IN WESTERN EUROPE
*ON A GROUP BASIS, TOTAL REVENUES WAS UP +3.7% ON A CONSTANT CURRENCY BASIS FOR THE 25 WEEKS TO 22 MARCH 2026, NEGATIVELY IMPACTED BY CONTINUED WEAKER TRADING IN DEALZ
*WE ARE SEEING ENCOURAGING LFL PERFORMANCE OF OUR FIRST STORES IN IBERIA THAT WERE CONVERTED TO EXIT FMCG OVER A YEAR AGO
*OVER THE SAME PERIOD, GROUP LFL REVENUES WAS UP +3.1% EXCLUDING FMCG (FLAT INCLUDING FMCG), WHILE DEALZ LFL REVENUES DECLINED BY -9.8%
*AT THE END OF FEBRUARY 2026, PEPCO OPERATED 4,046 STORES WITH 31 NET NEW STORES OPENED IN THE H1 FY26 PERIOD TO DATE
*PEPCO GROUP IS CURRENTLY EXPERIENCING A MINIMAL IMPACT FROM DEVELOPMENTS IN THE MIDDLE EAST
*PEPCO TRADING PERFORMANCE OVER RECENT WEEKS HAS ACCELERATED, FOLLOWING STRONG CUSTOMER RESPONSE TO START OF SPRING/SUMMER AND EASTER COLLECTIONS, WITH LFL REVENUE GROWTH OF +9.6% EXCLUDING FMCG IN LAST FOUR WEEKS
*THE GROUP EXPECTS TO REPORT A STRONG FIRST HALF PROFIT PERFORMANCE
*PEPCO HAS CONTINUED TO SEE ROBUST GROSS MARGIN IMPROVEMENTS YEAR-ON-YEAR
*FOR THE FULL YEAR, DESPITE AN UNCERTAIN CONSUMER AND GEOPOLITICAL BACKDROP, WE REMAIN CONFIDENT ON DELIVERING FY26 RESULTS IN LINE WITH THE GUIDANCE SET OUT LAST DECEMBER
((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 26-MAR-202605:53:41.54 GMT
Comments