Pepco sales soar off the back of ‘very successful Christmas’
Poundland parent company Pepco has reported a boost in sales in the lead-up to Christmas and said it expects “another year of consistent performance” in 2023.
Pepco Group, the owner of Poundland, Pepco and Dealz, reported total group revenue of more than €1.6bn (£1.4bn) for the three months to December 31, up 27% on a constant currency basis and 24% on an actual basis.
Group like-for-like sales grew 13%, while Pepco delivered a 19.7% rise and Poundland’s like-for-like sales were up 4.4% during the period, despite the retailer deeming trading conditions to be “challenging”.
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