Mr Price's share price surged over 14% on Friday after resilient annual results for the year to end-March 2026 and despite signs that consumer spending may come under pressure in both Europe and South Africa in the months ahead.
Mr Price Group’s share price was a top mover on the JSE Friday, soaring more than 14% after it reported market share gains and resilient earnings growth for the year to March 28.
The value clothing, homeware and accessories retailer’s share price closed 14,7% higher on Friday at R172 per share, although the price is still 29% lower than the R242,99 that it traded at a year ago.
“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,” said CEO Mark Blair in the results.
Total revenue increased by 4,2% to R42,7 billion, and normalised diluted headline earnings per share growth of 8% was achieved in a volatile trading environment.
