Mr Price Group (MRP) Trading update summary

Trading performance highlights

• Achieved double-digit retail sales growth of 10.6% to R14.6bn for Q3 FY2025, with comparable store sales up 6.3%.

• Gained 60bps market share, outperforming the total comparable market's retail sales growth of 6.4%.

• December retail sales rose 12.8%, with all major segments and acquired businesses delivering double-digit growth.

• Online sales grew 10.5% for the period, with a 21.9% surge in December, now contributing 1.8% of total retail sales.

• Opened 78 new stores, reaching a milestone of 3,031 stores and expanding trading space by 4.9%.

Segment performance

• Apparel segment retail sales grew 10.9% in Q3, with December accelerating to 13.2% and market share at an all-time high.

• Studio 88 and Power Fashion delivered strong double-digit growth, with Power Fashion gaining share for 13 consecutive quarters.

• Homeware segment sales increased 7.9%, achieving its highest quarterly growth this year; Yuppiechef posted double-digit growth.

• Telecoms segment retail sales rose 16.5%, with further market share gains and strong Black Friday and December performance.

Financial and operational metrics

• Cash sales grew 11.1%, now 90.9% of total retail sales; credit sales increased 5.7% amid high application and rejection rates.

• Retail selling price inflation was 5.3%, with total unit sales up 4.8% to 110.4m.

• Other income increased 4.2% to R314.2m, driven by higher debtors' interest and fees.