JOHANNESBURG - Mr Price has reported a strong start to its financial year, with first-quarter retail sales jumping 45.3 percent to R13.1 billion.
This was largely driven by the inclusion of newly acquired German discount retailer NKD.
Excluding the acquisition, African sales rose 3.2 percent to R9.3 billion, outperforming South Africa's broader retail sector.
Gross margins improved despite intense promotional activity among competitors.
The retailer says consumers remain under pressure from higher inflation, interest rates and geopolitical uncertainty, but value-focused shopping trends continue to support demand.
Mr Price ended the quarter with clean stock levels and says it remains well positioned to navigate challenging trading conditions.