Pick n Pay reports R299m loss despite improved trading & The evolution of SA's forecourts sector

October 27, 20261:18:14

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Stephen Grootes speaks to Pick n Pay CEO Sean Summers about the retailer's latest interim results and progress in its turnaround strategy. The group has narrowed its headline loss by 31.9% to R299 million, while turnover increased 2.4% to R60.5 billion. However, Pick n Pay's core supermarket business remains under pressure, recording a R516 million trading loss, despite improved margins and tighter cost controls. With Boxer continuing to drive group profitability and online sales growing 35.4%,…

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