(Reuters) -European discount retailer Pepco Group on Thursday reported higher year-to-date revenue helped by store expansion and like-for-like growth at its core Pepco brand.
The Warsaw-listed company, which also owns Dealz, said its revenue for the 51 weeks to September 21 was up 8.8% on a constant currency basis, with Pepco’s like-for-like (LFL) sales growing 2.7%.
For its full 2025 fiscal year, the group reiterated its guidance for revenue to exceed 4.5 billion euros ($4.8 billion) and said that underlying core profit growth would be towards the top-end of its high single-digit range guidance.
The group, which sold its Poundland business in June, also said it would launch a second 50 million euro share buyback tranche in October, after it completed a first 50 million euro one in August.
“A renewed focus on our price leadership position and product offer is resonating with customers and leading to increasing momentum in like-for-like revenue growth,” CEO Stephan Borchert said in a statement.
Pepco’s LFL revenue rose 3.9% in the fourth-quarter to date, which Borchert said was its best quarterly performance for two and a half years.
(Reporting by Marta Maciag and Julia Kotowska; Editing by Anna Pruchnicka)
