Willenhall-based Poundland has posted another set of strong results with turnover up by more than 21 per cent to £780 million.
Following a year of continued expansion the firm also revealed plans to open a further 60 stores and create 2,000 jobs over the year ahead.
So far this year it has also opened 22 stores, including six in the Republic of Ireland, a move which represented its first foray into Europe.
Poundland has also announced plans to open a new distribution centre in Hertfordshire.
The firm opened 62 new stores over the year to April 2012 and now boasts more than 400 stores, the 400th opening in Haringey in April.
The results also revealed underlying EBITDA of £40.1 million – up 26.5 per cent - and a gross margin of £287.7 million – up 22.2 per cent.
Net borrowings were reduced from £34.0 million to £26.1 million
The firm said it expects to "perform robustly" over the year ahead.
Chief executive Jim McCarthy said: "Poundland continues to offer amazing value to over four million customers every week.
"Our strong sales and volume increases demonstrate that customers recognise the exceptional value for money that Poundland offers.
"Our fixed price makes it easy for families to budget as they can see how much they’ve spent, before they get to the checkout.
"We are excited about the year ahead as we continue our rapid expansion.’"