The company said Poundland has largely seen trends follow previous quarters, where it reported challenges linked to the launch of new clothing and general merchandise ranges from its Pepco business. Pepco said the problems are "being addressed and initial benefits are expected to come" in the next financial year. Andy Bond, chair of Pepco Group, said life-for-like revenues were down because of "ongoing supply chain disruption" but that the company expects to see record underlying earnings amid margin improvements.