Brief: Pepco Group Revenue Rises 3.7% In 25 Weeks To March 22 2026, Reaffirms FY Guidance

Pepco NV

26/03/2026 06:18

March 26 (Reuters) - Pepco Group NV PCOP.WA:

FOR 25 WEEKS TO 22 MARCH 2026, PEPCO REVENUE WAS UP +4.8% ON CONSTANT CURRENCY BASIS, WITH LIKE-FOR-LIKE (LFL) REVENUE GROWTH OF +4.2% EXCLUDING FMCG

THIS INCLUDED POSITIVE LFL PERFORMANCE IN POLAND AND CONTINUED DOUBLE-DIGIT LFL GROWTH IN WESTERN EUROPE

ON A GROUP BASIS, TOTAL REVENUES WAS UP +3.7% ON A CONSTANT CURRENCY BASIS FOR THE 25 WEEKS TO 22 MARCH 2026,  NEGATIVELY IMPACTED BY CONTINUED WEAKER TRADING IN DEALZ

WE ARE SEEING ENCOURAGING LFL PERFORMANCE OF OUR FIRST STORES IN IBERIA THAT WERE CONVERTED TO EXIT FMCG OVER A YEAR AGO

OVER THE SAME PERIOD, GROUP LFL REVENUES WAS UP +3.1%  EXCLUDING FMCG (FLAT INCLUDING FMCG), WHILE DEALZ LFL REVENUES DECLINED BY -9.8%

AT THE END OF FEBRUARY 2026, PEPCO OPERATED 4,046 STORES WITH 31 NET NEW STORES OPENED IN THE H1 FY26 PERIOD TO DATE

PEPCO GROUP IS CURRENTLY EXPERIENCING A MINIMAL IMPACT FROM DEVELOPMENTS IN THE MIDDLE EAST

PEPCO TRADING PERFORMANCE OVER RECENT WEEKS HAS ACCELERATED, FOLLOWING STRONG CUSTOMER RESPONSE TO START OF SPRING/SUMMER AND EASTER COLLECTIONS, WITH LFL REVENUE GROWTH OF +9.6% EXCLUDING FMCG IN  LAST FOUR WEEKS

THE GROUP EXPECTS TO REPORT A STRONG FIRST HALF PROFIT PERFORMANCE

PEPCO HAS CONTINUED TO SEE ROBUST GROSS MARGIN IMPROVEMENTS YEAR-ON-YEAR

FOR THE FULL YEAR, DESPITE AN UNCERTAIN CONSUMER  AND GEOPOLITICAL BACKDROP, WE REMAIN CONFIDENT ON DELIVERING FY26 RESULTS IN LINE WITH THE GUIDANCE SET OUT LAST DECEMBER

GROUP CONTINUES TO EXPECT TO OPEN AROUND 250 NET NEW STORES ACROSS FY26, ALL FOCUSED ON PEPCO BRAND

AROUND 95% OF OUR IMPORTED PRODUCT VOLUME IS ROUTED VIA CAPE OF GOOD HOPE THROUGH REGULAR SEA FREIGHT UNDER CONTRACTED RATES AND CAPACITY, AND THERE HAS BEEN LITTLE DISRUPTION TO THESE ROUTE

BUSINESS HAS HEALTHY AVAILABILITY OF STOCK ACROSS OUR DISTRIBUTION CENTRES, PARTLY REFLECTING  HIGHER LEVEL OF SHIPPED INVENTORY COMPARED TO SAME PERIOD LAST YEAR DUE TO EARLIER CHINESE NEW YEAR AND EASTER PERIOD

Source text: ID:nEMc7Fmhda

Further company coverage: PCOP.WA

 (Reporting by Gdansk Newsroom)

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