Poundland revealed annual sales of almost £1 billion as it set out plans to add 60 stores and create another 1,000 jobs in the next financial year.
Total sales rose 13.3% to £997.8 million, with like-for-like sales up 1.9% in the year to March 30.
Underlying pre-tax profits rose 23.5% to a record £36.8m.
The retailer will underpin its growth plans with the opening of a third, purpose-built, 350,000ft2 distribution centre later in the year.
Poundland added that sales in the first quarter of the new financial year, covering the period to June 29, jumped by 18% to £262.6m, helped by the later Easter, the opening of nine new stores and stronger like-for-like sales. Bottom-line profits fell by 40.7% to £13.9m due to an increase in charges, primarily associated with the group’s stock market flotation.
