Discount retailer Pepco plans digital drive to boost stores

Reuters
2025/09/25
UPDATE 2-Discount retailer Pepco plans digital drive to boost stores

Revenue up 8.8% at constant FX in 51 weeks to September 21

Core earnings at top end of high single-digit growth estimate

Shares jump to highest since May 2024

Recasts with CEO comments, adds share move in paragraph 2, CEO quotes in 3-4, background in 5

By Marta Maciag and Julia Kotowska

Sept 25 (Reuters) - Pepco Group PCO.WA will focus on developing digital tools such as a mobile app and a loyalty programme to support in-store shopping, its CEO said on Thursday, after the discount retailer reported higher revenue for the bulk of its fiscal year.

Its shares jumped as much as 14% to 25.56 zlotys, their highest since May 2024 and the biggest gain on Warsaw's blue-chip .WIG20 index.

"What we haven't done yet is to support our customers with a digital environment... this is my number one focus," CEO Stephan Borchert told Reuters.

SEES CORE EARNINGS AT TOP END OF GUIDANCE

Borchert said Pepco was developing tools such as the mobile app to support the roughly 35 million customers who visit its stores monthly.

The digital focus comes as the retailer pivots to its higher-margin, core Pepco brand, which sells clothes and general merchandise, following the sale of its Poundland chain in June.

The group, which trades in 18 countries across Europe and also owns the Dealz chain, said its revenue for the 51 weeks to September 21 was up 8.8% at constant currencies, with Pepco's like-for-like sales up 2.7%.

It confirmed full-year guidance for revenue to exceed 4.5 billion euros ($4.9 billion) and said it expected core earnings towards the top end of its estimate for high single-digit growth.

Pepco's board also decided to launch a second tranche of its share buyback programme in October.

(Reporting by Marta Maciag and Julia Kotowska. Editing by Anna Pruchnicka and Mark Potter)

((Marta.Maciag@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10