Poundland-owner reports 17% surge in revenue

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Poundland-owner reports 17% surge in revenue

By Alexandra Leonards

14/7/2022

Pepco Group, owner of discount retailer Poundland, has recorded year-on-year revenue growth of 17 per cent in the third quarter.

Poundland itself saw revenue increase by 3.8 per cent during the same period.

Overall group revenue was €1.2 billion, bringing the company’s year-to-date revenues to €3.6 billion.

“The Group has delivered another quarter of good progress and a resilient trading performance, driven by its successful and proven strategy,” said Trevor Masters, chief executive, Pepco Group. “Despite the challenging market environment, Pepco continues to accelerate and deliver against its successful growth strategy based around our four key pillars: bigger, better, simpler and cheaper.

"We remain confident in the strength of our customer proposition, market positioning and in our ability to drive long-term value creation.”

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