Pick N Pay Stores Ltd (STU:PIK)

Half Year 2026 Pick N Pay Stores Ltd Earnings Call Transcript

Oct 27, 2025 / 06:30 AM GMT

Release Date Price: €1.44 (-6.49%)

Transcript

Key Points

Positve

Pick N Pay Stores Ltd (PKPYY) reported a 4.9% increase in group turnover, with a 4.7% rise on a like-for-like basis.
The company improved its headline loss by 45%, driven by a trading profit improvement of 227 million and a positive swing in interest of 537 million.
Pick N Pay Stores Ltd (PKPYY) ended the period with a strong balance sheet, holding 5 billion in cash.
The company's omnichannel sales grew by 34%, with a 44% increase in ASAP and Mr. D platforms.
The clothing business segment saw a 12% growth despite a challenging market environment.

Negative

The company reported a trading loss of 621 million, with a trading margin improvement of only 30 basis points.
Like-for-like expenses grew by 6.2%, outpacing the turnover growth of 4.4%, impacting the trading loss.
The market remains highly constrained, with inflation expected to decrease, posing challenges for revenue growth.
The company is still in the process of completing its store estate reset, which involved closing 59 stores.
There is a need for continued investment in operational skills and training, which has not yet resulted in a material improvement in trading losses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PIKJ.J - Pick N Pay Stores Ltd
Half Year 2026 Pick N Pay Stores Ltd Earnings Call
Oct 27, 2025 / 06:30AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Okay, good morning and welcome everybody to our HYN FY26 results presentation. Special warm welcome, Mrs. Ackerman. Hendy, good morning. Welcome, Gareth and all my colleagues from Pick n Pay and everybody both online and here in the auditorium. It's great to have you with us this morning.

As part of the introduction, I just want to quickly flip over and just give it a little bit of a an overview of where we find ourselves now, on our journey in Pick n Pay.

It's been quite an interesting 24 months since I returned, and it's been a bit of a compacted time period. In some dimension, it feels like I never ever left Pick n Pay, but the last two years have really flown and gone by fast. And the great thing for us

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.