Polish fashion retailer LPP misses Q4 profit forecasts
03/04/2025 06:27
GDANSK, April 3 (Reuters) - Poland's biggest fashion retailer LPP LPPP.WA reported a 7% drop in its fourth-quarter net profit to 450 million zlotys ($117.55 million) on Thursday, missing analysts' forecast by 70 million zlotys, as rising operational costs weighed on earnings despite strong online sales. The share of selling, general and administrative costs (SG&A) in revenue rose to 41% in the quarter, versus 38% a year earlier, reflecting additional expansion costs and higher labour expenses, LPP said. ($1 = 3.8280 zlotys) (Reporting by Marta Maciag; Editing by Milla Nissi) ((Marta.Maciag@thomsonreuters.com;))