Pepco reshuffles management team and issues profit warning

Poundland store exterior with Pep and Co branding

Pepco is making changes to its management team and has issued a profit warning for the full year 2023 due to an “increasingly challenging trading environment” in Central and Eastern Europe. 

The Poundland parent company has altered its EBITDA for the full year to approximately €750m (£648m). The revised profit guidance is driven by weaker sales, continued inflationary pressures on costs and the “drag from investment in new stores”.

Pepco saw lower-than-anticipated revenues during August, which worsened in September as there was lower consumer demand for clothing and general merchandise, as well as “weaker than expected” performance from new stores.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.