South African value retailer Boxer is progressing with its aggressive store rollout as the Pick’n Pay-controlled company sees a massive rise in turnover. <\/p>\n\n\n\n
In a trading update for the 48 weeks to 1 February, Boxer said that it was broadly on track to meet its FY26 store rollout goals. <\/p>\n\n\n\n
The group previously said that it was aiming for 60 new stores for the financial year, which included 25 superstores and 35 liquor stores. <\/p>\n\n\n\n
Boxer opened 25 new stores in the first half of FY26, which included nine Boxer<\/em> Superstores and 15 Boxer Liquor stores. <\/p>\n\n\n\n Management is also working to meet its liquor store rollout objectives; this remains contingent on securing several outstanding liquor licences.<\/p>\n\n\n\n Boxer’s rapid share price rise is reflected in turnover for the 48 weeks to 1 February, which grew 11.9%, with like-for-like growth of 3.9%.<\/p>\n\n\n\n Trading momentum softened over the latter part of the period, with turnover for the 22 weeks to 1 February increasing 9.8% and 2.4% like-for-like.<\/p>\n\n\n\n The group said that the drop in the last 22 weeks reflects the combined impact of strong growth in September and October, a soft November, and steady improvements in December and January. <\/p>\n\n\n\n The November performance was the result of a constrained trading environment over the extended Black Friday period, together with a high November 2024 base. <\/p>\n\n\n\n According to NielsenIQ, Boxer consistently gained market share throughout the period. <\/p>\n\n\n\n Internal selling price inflation for the period, as measured on a volume-held-constant basis, was -1.0%, vs -0.7% for H1 FY26.<\/p>\n\n\n\n Boxer said it anticipates full-year FY26 sales growth will be somewhat ahead of the reported sales growth for the period, given the softer February 2025 base. <\/p>\n\n\n\n Boxer remains on track to meet its FY26 trading profit growth objective, with trading profit growing 15.1% in H1 FY26 to R931 million.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Boxer is rolling out new stores across South Africa, as the company sees double-digit revenue growth. <\/p>\n","protected":false},"author":95,"featured_media":801153,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[6655,4067],"class_list":["post-849874","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\/849874","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=849874"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/849874\/revisions"}],"predecessor-version":[{"id":849879,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/849874\/revisions\/849879"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/801153"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=849874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=849874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=849874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Metric<\/th> 26 weeks to 31 Aug 2025 (H1 FY26) \u2013 % growth<\/th> 22 weeks ended 1 Feb 2026 \u2013 % growth<\/th> 48 weeks ended 1 Feb 2026 \u2013 % growth<\/th><\/tr><\/thead> Turnover<\/td> 13.9%<\/td> 9.8%<\/td> 11.9%<\/td><\/tr> Like-for-like sales<\/td> 5.3%<\/td> 2.4%<\/td> 3.9%<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
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