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Mr Price Group reports robust sales growth despite June decline
The Star
|July 24, 2025
MR PRICE Group detailed a commendable 6.3% increase in retail sales, reaching R9 billion for the 13 weeks ending June 28, even though June presented a more challenging month, the group said in a trading update on Wednesday.
June sales tumbled 5.1%. The group's performance was highlighted by an increase in comparable store sales by 3% over the 13 weekd, showcasing its resilience amidst a fluctuating market landscape.
Despite the slip in sales for June, investors appeared cautious as the share price decreased by 2.63% to R209.34. It traded at R211.21 at the same time last year.
Management remains optimistic about their competitive advantages, noting significant market share gains of 10 basis percentage points during the reporting period—an achievement that far exceeds the total comparable market's retail sales growth, as confirmed by the Retailers’ Liaison Committee (RLC).
This story is from the July 24, 2025 edition of The Star.
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