Big growth in sales, profits for cash-flush Mr Price
Strong retail sales growth and the acquisitions of Power Fashion and Yuppiechef have boosted Mr Price’s profits for the 52 weeks to end-April. The value retailer’s headline earnings per share grew 20.1% to 1 282.1 cents, and its operating profit exceeded R4 billion for the first time. The group declared a final dividend of 807.7 […]
Mr Price annual earnings jump on rebound from Covid lows
Mr Price Group posted a 20.1% jump in full-year earnings on Thursday, as consumers coming out of the Covid-19 lockdowns revamped their wardrobes and homes, with acquisitions adding a boost. The largely budget clothing and homeware retailer has benefited from its lower-price model, which continues to attract financially constrained consumers seeking value. Mr Price said headline […]