Poundland parent’s sales and profits rise as UK shoppers rein in ‘essential’ spending
Poundland owner Pepco Group has said UK shoppers are “scaling back even on essential purchases” amid the cost-of-living crunch.
The group recorded a 7.3% uplift in underlying EBITDA to €347m (£318m) in the first half to March 31, 2022, driven by a 19% surge in revenue to €2.4bn (£2bn).
The retail group recorded a 3.3% uplift in like-for-like sales during the period for the Poundland division of its operations.
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