Mr Price Group (MRP) Trading update summary

Group performance overview

• Retail sales rose 6.3% to R9.0bn, with comparable store sales up 3.0% for Q1 FY2026.

• Market share increased by 10bps, with over R300m gained from competitors in the past year.

• Gross profit margin declined by 20bps due to higher markdowns amid a promotional sector.

• Exited winter season with a clean stock position and comfortable inventory levels.

• July 2025 sales (first 3 weeks) grew 12.9% with improved gross profit margin.

Segmental and channel performance

• Apparel sales grew 6.0%, gaining 20bps market share; Power Fashion and Miladys outperformed.

• Homeware sales increased 6.4%, with 5.3% comparable growth and Yuppiechef gaining share for 14 months.

• Telecoms segment sales rose 12.7%, with further market share gains.

• Online sales grew 7.6%, now 2.4% of total retail sales, led by Homeware.

• Cash sales (87.5% of total) and credit sales both increased over 6%.

Operational highlights

• Store footprint expanded by 31 net new stores to 3,061, with trading space up 3.7%.

• Retail selling price inflation managed at 3.1%, supporting 3.2% unit sales growth to 67.6m units.

• Other income decreased 2.5% to R312.6m.