2024-01-18 06:27:00
European group Pepco on Thursday reported a 2.3% drop in underlying sales in the Christmas quarter, but said its gross margin had improved and that positive trajectory was expected to continue over the course of the year. ‘year.
The Warsaw-listed owner of the Pepco, Poundland and Dealz brands said the group’s turnover was 1.9 billion euros ($2.1 billion) in the three months to December 31, its first fiscal quarter, an increase of 11% at constant exchange rate.
This figure partly reflects the opening of 203 new stores, bringing the total to 4,832 ($1 = 0.9179 euros) (Reporting by James Davey; Editing by Kim Coghill).
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