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LPP Stock Surges to Record as Polish Retailer Beats Profit Expectations

Wall Street Journal US Business •
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LPP shares surged 10.98% to a record high of 21,760 zloty on Friday, driven by 23% higher net profit than expected in its fiscal fourth quarter. The Warsaw-listed fashion retailer, Poland's largest, saw its stock jump 9.3% or 1,855 zloty, becoming the biggest riser on the Europe-wide Stoxx 600 index. This strong performance, following 59% year-over-year profit growth, significantly boosted investor confidence.

The company's success underscores robust demand for its brands within the competitive Polish market, positioning it favorably against rivals.