Mr Price generates roughly R16.4 million a day in operating profit

Mr Price Group delivered a solid performance in its latest reporting period, underpinned by stronger sales momentum and steady profit growth. According to the group’sannual resultsfor the 52 weeks ended 28 March 2026, the retailer’s revenue increased to R42.7 billion while operating profit rose 4.3% to R6.0 billion, reflecting resilient demand across its stores and continued gains against broader retail industry trends. On average, the group generated about R16.4 million a day in operating profit, underscoring the scale and consistency of its core earnings power despite a competitive and cost-pressured trading environment.

“The group’s earnings in financial year 2026 were impacted by the expensing of all once-off transaction-related costs relating to the acquisition of Pegasus Group Holding GmbH which trades as the retail business of NKD Group GmbH (NKD), which became effective post year-end,” noted the retailer on Friday. Group CEO, Mark Blair, said: “I am very proud of how our team has responded to the volatility experienced this year. The agility of our operating model and the strength of our value retailing DNA have enabled operating leverage in a challenging retail environment.

“We are confident in our ability to perform across economic cycles while continuing to deliver value to our customers.” The results revealed that shareholders are earning slightly more per share, with stronger growth driven by underlying business performance rather than by the final reported accounting figures. “Basic, headline and diluted headline earnings per share increased by 8.0%, 7.7% and 8.0%, respectively, on a normalised basis,” read the results. “Basic, headline and diluted headline earnings per share of 1 449.5 cents, 1 453.9 cents and 1 411.8 cents, increased by 2.3%, 2.1% and 2.4%, respectively, on a statutory basis.” Mr Price’s financial results showed that other revenue decreased by 1.9% to R1.3 billion due to lower interest rates impacting debtors’ interest during the period.

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“Customers continued to utilise the group’s omni-channel shopping offering with more than 55% of online orders being collected in store,” said the group. “Group unit sales increased by 0.5% with retail selling price (RSP) inflation of 3.8%.”

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