First Quarter Interim Management Statement

Released : 03 Jul 2014

RNS Number : 2927L
Poundland Group PLC
03 July 2014
 



 

3rd July 2014

POUNDLAND GROUP PLC

FIRST QUARTER INTERIM MANAGEMENT STATEMENT

Positive first quarter trading

Poundland Group plc ("Poundland" or the "Group"), the leading UK single price value discount retailer, today announces an Interim Management Statement for the period to 2 July 2014.

During the first quarter ended 29 June 2014, sales increased by 18.0% (2013: 11.4%) to £262.6 million (2013: £222.6 million), driven by a combination of delivering amazing value every day, the late Easter, our continually improving product offer, stronger like-for-like sales growth and a strong new store opening programme.

In the UK we opened a net 9 new stores during the period (2013:17). In addition, we officially launched our Spanish trial yesterday with the first Dealz store opening in Torremolinos.

Jim McCarthy, Chief Executive of Poundland, said:

"Trading in the first three months of the new fiscal year has been strong with total sales up 18.0% as our retail proposition continues to gain traction through offering amazing value to savvy consumers. After a pleasing start to 2014/15 we are confident of further progress through the year whilst recognising our critical third quarter lies ahead of us."

 

For further information please contact

Enquiries:

 

Nick Hateley, Chief Financial Officer

0121 568 7000

Philip Dorgan, Head of Investor Relations

0121 568 7000

 

 

Media Enquiries:

 

Citigate Dewe Rogerson

 

Simon Rigby

+44 (0) 207 282 2847

Michael Berkeley

+44 (0) 207 282 2883

 


This information is provided by RNS
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