LPP Reports Strong Q2 Profit Growth Driven by Store and Online Sales
Polish fashion retailer LPP Group reported strong second-quarter results, with a net profit of 768 million zlotys ($202.2m), representing a year-on-year increase of 64.5%. The company's sales revenue rose to 6.57 billion zlotys in the three months ending July 31, 2026, up by 18.4%, driven by double-digit growth from both physical stores and online channels. LPP opened 230 new stores during the quarter, including 212 Sinsay outlets, bringing its total store count to over 4,000 globally across five brands: Cropp, House, Mohito, Reserved, and Sinsay. Online sales returned to double-digit growth after a logistics disruption caused by a warehouse fire in Romania earlier this year. The company also raised its full-year profitability targets while maintaining revenue and capital expenditure goals. LPP increased its gross margin forecast to 56.5-57% from 56%, EBITDA margin target to 24%-25% from 23.5%-24.5%, and net profit margin guidance to 10%-11% from 9.5%-10.5%.
Topics: profit growth retail sales performance store expansion