Mr Price Group (MRP) Trading update summary

Group sales performance

• Retail sales rose 3.6% to R15.1bn for Q3 FY2026, outpacing market growth of 1.6%.

• South African retail sales grew 3.9% to R14.1bn, with non-South African sales up 0.6% to R1.0bn.

• Comparable store sales increased 0.5%, and online sales grew 3.5%, accelerating to 8.3% in December.

• Cash sales, making up 90.9% of total, increased 3.7%, while credit sales rose 2.9%.

• Store footprint expanded by 64 net new stores, reaching 3,164 locations.

Segment highlights

• Apparel segment sales grew 3.2%, with December up 6.0% and record market share achieved.

• Homeware segment sales increased 4.5%, with Yuppiechef up 10.1%; all divisions improved GP margins.

• Telecoms segment sales surged 11.0%, gaining 30bps market share and expanding profitability.

Profitability and margin

• Group GP margin decreased by 20bps in Q3, but full-year margin is expected to be at least maintained.

• All homeware divisions and the telecoms segment grew GP margins, supporting profitability.

• Other income rose 1.9% to R320m, reflecting lower debtors' interest and fees.