Pepco Group has posted record full-year sales growth but said performance was “mixed” against a challenging backdrop.
Poundland owner Pepco Group saw group revenue rise by 17.7% to €5,649m (£4,876m) on a constant currency basis for the year ending September 30, 2023, driven by Pepco growth of 24.8% and Poundland growth of 8.4%.
However, fourth-quarter sales at the group’s European discount clothing brand Pepco declined by 2.4%, with like-for-like sales turning negative in August and worsening in September.
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