Mr Price Group is under pressure to follow through on its turnaround, failing which it can expect to be punished by the market. With the retailer boasting a high valuation compared with other retailers in the sector, Mr Price would have to meet market expectations, said Lester Davids, a trading desk analyst at stockbroking company Unum Capital. "They will definitely have to live up to" market expectations in terms of operating profit. "Any particular miss in that regard could really harm the share price because the expectation is so high," he said. Mr Price Group will release its interim results for the six months ended October 30 2018 on Thursday. In its last update for the first four months of the financial year that ends in March 2019, the group reported strong results that showed growth in total retail sales driven by clothing and homeware sales. The retailer's strategy, which is largely based on cash sales, included new store openings and expansions as well as the closure and r...
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