Pick n Pay is proceeding with planned store closures and conversions as it tries to make its core grocery business profitable again.\u00a0<\/p>\n\n\n\n
In a trading update for the 17-week period to 29 June 2025, the Pick n Pay Group said that there was a steady improvement from Pick n Pay Supermarkets and another strong performance from Boxer. <\/p>\n\n\n\n
The group\u2019s turnover increased 4.3%, with like-for-like sales up 3.8% against last year’s same period. Pick n Pay South Africa (SA) like-for-like sales for the period grew by 3.6%.<\/p>\n\n\n\n
The group said this was a credible performance in the context of a highly constrained consumer and subdued food price inflation.\u00a0<\/p>\n\n\n\n
The group\u2019s Store Estate Reset Plan resulted in turnover growth lagging like-for-like sales momentum, which resulted from the planned store closures and conversions. <\/p>\n\n\n\n
The group said that the closures and conversions are expected to contribute to achieving the medium-term break-even objective of the Pick n Pay segment.\u00a0<\/strong><\/p>\n\n\n\n The group declared an over R700 million loss for the 2024\/25 financial year, with the Pick n Pay trading loss of R549 million. <\/p>\n\n\n\n Company-owned supermarkets, which represent the majority of PnP SA sales, continue to show steady consecutive improvement when it comes to like-for-like sales growth.<\/p>\n\n\n\n Like-for-like sales growth reached 4.0% for the period, up from 3.1% in H1 FY25 and 3.6% in H2 FY25. <\/p>\n\n\n\n “Like-for-like sales across franchise supermarkets softened slightly during the period under review, but this has improved in recent weeks,\u201d it said.\u00a0<\/p>\n\n\n\n \u201cThe group expects to report improved Franchise Supermarket like-for-like sales for the full H1 FY26 period, showing positive momentum and narrowing the gap with company-owned stores. <\/p>\n\n\n\n Boxer turnover for the period grew by 12.1%, with 3.9% like-for-like sales growth. Pick n Pay maintains a roughly 65% stake in Boxer. <\/p>\n\n\n\n Clothing turnover growth in standalone stores, reported within the Pick n Pay segment, for the period was 17.3% (12.5% like-for-like sales). <\/p>\n\n\n\n Clothing benefited from both strong execution in the period and a soft base in the comparative period due to port delays and a late start to winter last year. <\/p>\n\n\n\n The group expects clothing turnover momentum to soften somewhat as the base normalises in the second half of FY26. <\/p>\n\n\n\n Online sales growth for the period was 33.0%, 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 Pick n Pay has seen an increase in turnover and sales, as the group tries to bring its core grocery business back to profit. <\/p>\n","protected":false},"author":95,"featured_media":811720,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[6655,4067],"class_list":["post-834035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-boxer","tag-pick-n-pay"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=834035"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834035\/revisions"}],"predecessor-version":[{"id":834041,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834035\/revisions\/834041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/811720"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=834035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=834035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=834035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Like-for-Like Sales Growth<\/th> 26 weeks H1 FY25<\/th> 26 weeks H2 FY25<\/th> 17 weeks ended 29 June 2025<\/th><\/tr><\/thead> PnP South Africa<\/td> 1.1%<\/td> 3.1%<\/td> 3.6%<\/td><\/tr> PnP SA Supermarkets<\/td> 1.3%<\/td> 2.7%<\/td> 2.8%<\/td><\/tr> PnP SA Company-owned Supermarkets<\/td> 3.1%<\/td> 3.6%<\/td> 4.0%<\/td><\/tr> PnP SA Franchise Supermarkets<\/td> -1.4%<\/td> 1.1%<\/td> 0.2%<\/td><\/tr> PnP Clothing standalone stores<\/td> 0.2%<\/td> 3.8%<\/td> 12.5%<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n 17 weeks ended 29 June 2025, % growth<\/td> Turnover<\/strong><\/td> Like-for-like sales<\/strong><\/td><\/tr> Pick n Pay (SA & RoA*)<\/td> 0.1%<\/td> 3.6%<\/td><\/tr> Pick n Pay SA<\/td> 0.0%<\/td> 3.6%<\/td><\/tr> Boxer (SA & RoA*)<\/td> 12.1%<\/td> 3.9%<\/td><\/tr> Group turnover<\/strong><\/td> 4.3%<\/strong><\/td> 3.8%<\/strong><\/td><\/tr><\/tbody><\/table><\/div>