Poundland struggles weigh on record year for Pepco Group

Poundland owner Pepco Group has reported record revenue and underlying EBITDA for the year ending 30 September 2024. However, weak performance at Poundland, including a £675m impairment charge, overshadowed the discounter’s broader success.
Poundland’s revenue grew just 0.3% year-on-year, with like-for-like sales falling by 3.6%. The UK discounter‘s EBITDA dropped 21.5% to £134m as it faced rising competition and challenges transitioning to Pepco-sourced products.
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