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Nigel TAYLOR Published
July 13, 2025
Still growing at a fast rate. Still recording double-digit sales rises. Pepco Group on Thursday delivered yet another set of impressive results, this time for Q3.
The budget retailer, which makes and sells the Pep&Co fashion line in its Poundland stores in the UK, and Pepco and Dealz brands in Europe, said it’s made “further strategic progress”.
Q3 Group revenue jumped 12.5% year on year to €1.37 billion (£1.17 billion) on a constant currency basis, with Pepco up 15.3% and Poundland Group (including Dealz) 8.6% ahead. That means year-to-date nine-month group revenue jumped 19.3% to €4.209 billion on a constant currency basis, driven by Pepco growth of 29.3% and Poundland Group rising 7.1%
Group like-for-like revenues were also up 8.2% year-to-date and up 2.6% in the latest quarter.
Poundland Group comp sales were up 6.2% year-to-date and up 9% in Q3 “due to a strengthening FMCG performance”, it noted.
The company is growing both on a comparable basis and via new stores with net new store openings of 325 in the nine months to date and 159 in Q3.
Unsurprisingly, the group also maintained its previous guidance for the full-year core earnings (EBITDA) outlook.
And in what must be an easy-to-comment-on results update, group CEO Trevor Masters said: “We remain confident of meeting our target of opening at least 550 new stores this financial year, with openings weighted towards the fourth quarter.
“Poundland Group delivered a strong trading performance in Q3, driven by consumers prioritising spend on FMCG items. Both Pepco and Poundland Group are in positive LFL growth at the start of Q4.
“We remain committed to supporting our customers in this challenging environment by maintaining our market-leading pricing. We continue to seek improvements in the cost of doing business and leveraging our in-house direct sourcing arm, PGS, which is a key competitive advantage for the group.”