Turnover of the Company and its subsidiaries for the 48-week period to 1 February 2026 grew 3.2% and 3.4% on a like-for-like basis.
Growth for the period for the Group's key turnover segments was as follows:
- Pick n Pay South Africa (SA) like-for-like sales grew 2.9%, with Pick n Pay SA company-owned supermarkets like-for-like sales at 3.5%. The 1.4% Pick n Pay SA turnover decline for the period was the result of the, now largely completed, planned closure or conversion of underperforming company-owned supermarkets.
- Boxer Retail Ltd. Group ("Boxer") turnover grew 11.9%, and 3.9% on a like-for-like basis. Further detail on Boxer's performance can be found in its trading update released on 5 February 2026.
The Group expects the headline loss per share for FY26 to increase by more than 20% (12.31 cents) when compared with the headline loss per share of -61.54 cents reported for FY25. A further trading statement will be released on SENS once the Group has attained a reasonable degree of certainty over its expected earnings range.
The Group's financial results for the period are expected to be published on SENS on or about 25 May 2026.
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