Mr Price (MRP) Results Snapshot 1H22

Turnover growth +37.8% y-y (+27.8% y-y excluding acquisitions). Market share gains of 210bps. GPM dropped from 41.5% in 1H21 to 39.4% in 1H22, impacted by unrest write downs and lower-margin Power Fashion and Yuppiechef. Excluding these, GPM still dropped 40bps due to holding price points in strategic areas.