JOHANNESBURG - Retail giant Mr Price has completed a controversial R9.6 billion acquisition of European retailer NKD.
This marks a significant expansion into seven European countries.
It adds more than 2,100 stores, boosting the group’s international footprint.
For the 52 weeks to March 2026, the group increased revenue by 4.2% to R42.7 billion.
Normalised diluted headline earnings per share rose 8%.
Operating profit climbed above R6 billion for the first time.
This was supported by stronger margins and disciplined cost controls.
Mr Price says growth was driven by resilient retail sales and expansion.
It came in a volatile trading environment and despite the once-off acquisition costs linked to the NKD deal.
Management says the group remains well positioned for further growth in both South Africa and Europe.