South Africa · Delayed Price · Currency is ZAR · Price in ZAc Mr Price Group Earnings Call Transcripts
Fiscal Year 2026
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Regulatory approvals for the NKD acquisition are complete, with closing set for March 2026. The deal is expected to be earnings accretive in year two, supported by NKD's strong cash generation and robust store economics. Management emphasizes disciplined capital allocation, sustained dividend policy, and long-term growth in Central and Eastern Europe.
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Revenue grew 5.4% to ZAR 18.5 billion, with strong gross profit and operating margin gains despite a challenging consumer environment. Cash balance rose to ZAR 3 billion, and disciplined cost control supported HEPS growth of 6.5%.
Fiscal Year 2025
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The acquisition of NKD offers a strategic entry into Europe's high-growth value retail sector, leveraging operational alignment and a strong local management team. Funded by cash and debt, the deal is expected to close by mid-2026, with long-term growth and diversification benefits anticipated.
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Revenue grew 7.9% to ZAR 40.9 billion, with strong H2 momentum, double-digit earnings growth, and market share gains across all divisions. Robust cash generation, disciplined capital allocation, and continued investments in technology and supply chain underpin a positive outlook for FY2026.
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Interim results showed 5.2% revenue growth and strong market share gains despite a tough H1, with double-digit sales growth in early H2 and robust cash reserves. Continued store expansion, improved consumer sentiment, and regulatory changes are expected to drive further gains.
Fiscal Year 2024
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The event highlighted a data-driven, flexible supply chain strategy, robust ESG integration, and ongoing network expansion to support growth and resilience. Supplier transparency, local sourcing, and sustainability are prioritized, with technology and partnerships driving efficiency and risk mitigation.
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A unique culture and disciplined strategy have driven strong growth, diversification, and resilience, with robust financial performance and a focus on scalable, high-return opportunities. The group is investing in technology, omni-channel, and people, while maintaining a conservative approach to risk and capital allocation.
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Revenue grew 15.5% and operating profit hit a record, driven by market share gains and improved margins. Strong H2 performance, robust cash generation, and disciplined capital allocation position the group for further growth, despite ongoing supply chain and macroeconomic challenges.