Pick n Pay narrows loss, fueled by surging Boxer store sales

Pick n Pay Stores Limited reported a 3.4% rise in group turnover to R120.3 billion for the fiscal year ended March 1, 2026.

Boxer stores drove this growth with a 12.3% increase in turnover. The core Pick n Pay segment recorded a 1.6% turnover decline during its ongoing store reset program.

Headline loss per share narrowed by 14.6% to 52.58 cents. The group swung to a profit before tax and capital items of R360 million from a prior-year loss of R237 million.

Total trading profit fell 4.2% to R1.7 billion. The Pick n Pay segment's trading loss widened to R1.0 billion, while Boxer's trading profit reached R2.6 billion.