{"id":628577,"date":"2026-02-10T08:03:05","date_gmt":"2026-02-10T06:03:05","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=628577"},"modified":"2026-02-10T08:05:20","modified_gmt":"2026-02-10T06:05:20","slug":"pick-n-pay-sends-warning","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/business\/628577-pick-n-pay-sends-warning.html","title":{"rendered":"Pick n Pay sends warning"},"content":{"rendered":"\n<p>Pick n Pay has released a trading statement for the 48 weeks ended 1 February 2026, revealing that the group expects its headline loss per share (HEPS) for the 2026 financial year to worsen by over 20%.<\/p>\n\n\n\n<p>This equates to an increased loss per share of more than 12.31 cents. Pick n Pay attributes the expected decline in profitability to less-than-expected turnover during the period.<\/p>\n\n\n\n<p>&#8220;The Group advises shareholders that it expects the headline loss per share for FY26 to increase by more than 20% when compared to the headline loss per share of -61.54 reported for FY25,&#8221; it said.<\/p>\n\n\n\n<p>It added that the Pick n Pay Group doesn&#8217;t currently have reasonable certainty around its expected earnings per share for the 2026 financial year.<\/p>\n\n\n\n<p>&#8220;The expected increase in the FY26 loss per share vs. FY25 is due to the below-expectation turnover impacting on the Group&#8217;s previous guidance of the FY26 trading loss being &#8216;broadly in line with FY25&#8217;,&#8221; it added.<\/p>\n\n\n\n<p>Regarding its performance during the reporting period, Pick n Pay South Africa&#8217;s like-for-like sales grew by 2.9%, with Pick n Pay South Africa-owned supermarkets&#8217; like-for-like sales growing 3.5%.<\/p>\n\n\n\n<p>However, it noted that Pick n Pay South Africa&#8217;s turnover declined by 1.4% during the period, which was due to the now largely-completed, planned closure or conversion of underperforming supermarkets.<\/p>\n\n\n\n<p>At the same time, Boxer turnover grew 11.9%, and 3.9% on a like-for-like basis. The Group said its turnover for the last 22 weeks of the period increased 1.3%, including a 1.7% like-for-like increase.<\/p>\n\n\n\n<p>&#8220;The trading performance for the latter 22 weeks of the period was primarily driven by a soft November, which reflects general market conditions as reported elsewhere,&#8221; the Pick n Pay Group said.<\/p>\n\n\n\n<p>Regarding the company&#8217;s delivery services, online turnover for the period grew by 31.8%, which was driven by the continued growth of Pick n Pay asap! and Pick n Pay Groceries on the Mr D app.<\/p>\n\n\n\n<p>Pick n Pay expects to release its financial results for the period to be published on or about 25 May 2026.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"914\" height=\"264\" src=\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2026\/02\/Pick-n-Pay-results-1.jpg\" alt=\"\" class=\"wp-image-628584\" srcset=\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2026\/02\/Pick-n-Pay-results-1.jpg 914w, https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2026\/02\/Pick-n-Pay-results-1-600x173.jpg 600w, https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2026\/02\/Pick-n-Pay-results-1-768x222.jpg 768w\" sizes=\"(max-width: 914px) 100vw, 914px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"914\" height=\"264\" src=\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2026\/02\/Pick-n-Pay-results-2.jpg\" alt=\"\" class=\"wp-image-628585\" srcset=\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2026\/02\/Pick-n-Pay-results-2.jpg 914w, https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2026\/02\/Pick-n-Pay-results-2-600x173.jpg 600w, https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2026\/02\/Pick-n-Pay-results-2-768x222.jpg 768w\" sizes=\"(max-width: 914px) 100vw, 914px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pick n Pay has released a trading statement for the 48 weeks ended 1 February 2026, and it expects another big loss.<\/p>\n","protected":false},"author":341076,"featured_media":469021,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[19],"tags":[30532,5380,71292,103249],"class_list":["post-628577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-boxer","tag-pick-n-pay","tag-pick-n-pay-asap","tag-pick-n-pay-groceries"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/628577"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341076"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=628577"}],"version-history":[{"count":2,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/628577\/revisions"}],"predecessor-version":[{"id":628593,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/628577\/revisions\/628593"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/469021"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=628577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=628577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=628577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}