By Joe Stonor
LPP was the biggest riser on the Stoxx Europe 600 index after the Polish clothing group forecast higher sales for the year on the back of a strong third-quarter performance, with momentum set to continue in 2026.
The Warsaw-listed group gained 2,100 zloty, or 12%, to 19,550 zloty in early afternoon European trading. Shares are currently up 26% over the year to date.
The group--which operates 3,426 stores and owns brands including Sinsay and Reserved--late Thursday reported a 18% rise in third-quarter sales to 6.14 billion zloty ($1.69 billion). Within this Sinsay sales--which generate around 55% of the group total--rose 25% to 3.37 billion zloty, while Reserved sales rose 23% to 1.73 billion zloty.
Growth was driven by both in-store and online buying, the company said. Gross margin for the quarter was 57.6%, climbing 2.8% year-on-year.
Sales for the year are expected to reach 23 billion zloty to 23.5 billion zloty, the group said. This compares with 20.19 billion Zloty in 2024.
The company added that it intends to open 350-400 new stores in the fourth quarter, as well as grow in online sales, driving revenue of 28 billion zloty to 29 billion zloty for 2026.
Looking ahead, the group said it would further push physical and online expansion of its flagship Sinsay brand. Further opportunities for growth will come from expansion into southern Europe and central Asia and the development of mobile apps in new markets, the group added.
Write to Joe Stonor at josephmichael.stonor@wsj.com
(END) Dow Jones Newswires
12-12-25 0756ET
