This growth is attributed to the brand’s commitment to offering affordable, quality clothing and household products tailored to budget-conscious families.

In Hungary, the company continued to open new stores, enhance inventory quality, and optimize supply chains, leading to a more sustainable strategy. 

“The successful and profitable operation of the Pepco brand and the positive financial results of the first quarter of 2024 reflect the strength of our business model and the loyalty of our customers,” said Stephan Borchert, CEO of Pepco Group. 

“We are committed to continuing to provide excellent quality and affordable prices to Hungarian families.”