Strong retail sales growth and the acquisition of kitchenware company Yuppiechef and value retailer Power Fashion are major factors in an expected jump in earnings for Mr Price.
In its trading statement for the 12 months to 2 April, Mr Price said it expects a 17% to 22% jump in headline earnings per share, to at most 1302.8 cents.
Mr Price said it expected to show at the release of its interim results on 9 June that it had strong annual retail sales growth and a "solid operating performance", despite last year July 2021, which resulted in the looting of 111, or 7%, of the group’s 1 592 stores.
"The group’s earnings performance (… ) includes the insurance proceeds for asset write-offs incurred for stock, cash and fixtures as a result of the civil unrest," it said in the statement.
The gains from the insurance proceeds were added to the headline earnings per share, but will not contribute "a material proportion of the difference between growth rates in basic and headline earnings."
Claims for business interruption losses relating to the unrest are still being assessed and Mr Price expects to receive the proceeds in the 2023 financial year.