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Polish fashion retailer LPP misses Q4 profit forecasts - Regional Media News

Summary by regionalmedianews.com

GDANSK (Reuters) – Poland’s biggest fashion retailer LPP reported a 7% drop in its fourth-quarter net profit to 450 million zlotys ($117.55 million) on Thursday, missing analysts’ forecast by 70 million zlotys, as rising operational costs weighed on earnings despite strong online sales. The share of selling, general and administrative costs (SG&A) in revenue rose to 41% in the quarter, versus 38% a year earlier, reflecting additional expansion c…

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regionalmedianews.com

Polish fashion retailer LPP misses Q4 profit forecasts - Regional Media News

GDANSK (Reuters) – Poland’s biggest fashion retailer LPP reported a 7% drop in its fourth-quarter net profit to 450 million zlotys ($117.55 million) on Thursday, missing analysts’ forecast by 70 million zlotys, as rising operational costs weighed on earnings despite strong online sales. The share of selling, general and administrative costs (SG&A) in revenue rose to 41% in the quarter, versus 38% a year earlier, reflecting additional expansion c…

2 days ago

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regionalmedianews.com broke the news in 2 days ago on Thursday, April 3, 2025.

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