Fashion retailer Mr Price says strong interest from SA’s shoppers in the value of its offerings and a bigger footprint helped it achieve a record R4.95bn in operating profit in its 2022 year, but consumers are still under strain and input inflation is approaching double digits.
Revenue rose 23% to R28.1bn in the year ending April 2, Mr Price reported on Thursday, with net profit up 26.4% to R3.35bn, as all divisions in its apparel segment reported their best fourth-quarter market share gains on record...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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Mr Price books record profit and reports market share gainsThe retailer says its value offering, acquisitions and market share gains helped lift operating profit above R4bn for the first time
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