LPP SA (LPP) Earnings Call Transcripts
LPP SA's Latest Earnings Call - Q1 FY2027
In the first quarter of 2026, LPP SA reported a revenue of PLN 5.2 billion, reflecting a 10% year-over-year increase, although it fell short of expectations due to adverse weather conditions impacting sales. The company achieved a gross margin of 58.2%, exceeding last year's target by 4.5%. Management indicated a cautious outlook for the remainder of the year, maintaining guidance for EBITDA and profitability despite a reduction in store openings from 950 to 750 by the end of 2025, signaling a more selective growth strategy.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | PLN 5.2 billion (miss) |
| Gross Margin | 58.2% (beat) |
| EBITDA | PLN 1.2 billion (inline) |
| Store Openings | 121 new stores (negative) |
| CapEx | PLN 600 million (neutral) |
| Net Debt to EBITDA | 1.2 (positive) |
Guidance from management
Management maintained its EBITDA guidance for 2026 but lowered revenue expectations due to fewer store openings and ongoing logistics challenges. They expect a gross margin of around 56% for the year.
What analysts pressed on
Analysts expressed concerns about the impact of logistics disruptions on sales and the flat e-commerce growth. There were questions about the effectiveness of the marketing spend and the potential for cannibalization in saturated markets.
Main topics on the call
- Revenue Performance — LPP reported revenues of PLN 5.2 billion, which represents a 10% increase year-over-year. Management noted that 'despite such conditions, the increase in profit is good', but acknowledged that weather challenges negative...
- Gross Margin Improvement — The company achieved a gross margin of 58.2%, which is 4.5% above last year's target. Management stated that 'the gross margin was writing off nicely the volume of our clients in the stores', indicating strong pricing po...
- Store Openings Strategy — LPP plans to reduce its store openings from 950 to 750 by the end of 2025, reflecting a more cautious approach to expansion. Management emphasized the need for 'profitable openings' and mentioned that 'the ball is in our...
- Logistics Challenges — The company faced logistics issues due to a warehouse fire in Romania, which affected its supply chain. Management noted that 'we are slowly catching up with the situation' and expects improvements as new distribution ce...
Read the full LPP SA transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.
About LPP SA
LPP SA (LPP) is a publicly listed company in the Textiles, Apparel and Luxury Goods industry, within the Consumer Discretionary sector. It trades on WSE and is based in PL. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 24 calls on record spanning February 4, 2020 to June 11, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 24 LPP SA earnings call transcripts on record, spanning February 4, 2020 to June 11, 2026. Based on this history, LPP SA reports quarterly. The most recent call on file is dated June 11, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- LPP
- Exchange
- WSE
- Country
- PL
- Sector
- Consumer Discretionary
- Calls on record
- 24
- First call
- February 4, 2020
- Most recent
- June 11, 2026
- Reporting cadence
- quarterly