Lewis delivers double-digit revenue surge: A vindication for the Ricardo Portfolio?

Lewis delivers double-digit revenue surge: A vindication for the Ricardo Portfolio?

Lewis posts 11% revenue growth, validating BizNews Ricardo portfolio thesis as credit-led model outperforms South African retail market.

Credit sales boost Lewis's revenue growth by double digits

Furniture and homeware retailer Lewis Group reported growth in the nine months to December 2025, heavily supported by higher demand for credit sales. The group said revenue rose by 11.1% over the nine-month period, with credit sales playing a major role. Credit sales increased by 9.1% and accounted for 69.4% of total revenue. This is up from 68.2% in the same period in the previous year. Slight decline in collection rate However, the group noted…