Press releases

Date Title Read More
Tuesday 12 May 2020
12 May 2020

[Cape Town, 12 May 2020]; Pick n Pay today published its annual results for the year ended 1 March 2020. The Group delivered turnover growth of 4.7% in a tough trading environment. The Group’s South African operations delivered turnover growth of 5.1% against a strong prior year base, reflecting operational challenges in the second half of the year including the impact of a sustained programme of load-shedding and some supply chain labour disruption. The Group’s South African operations remained resilient, delivering growth in Comparable Profit before Tax (PBT) of 15.2% for the year, offsetting challenges experienced in Zimbabwe and Zambia. Group PBT was up 6.5%, with the PBT margin improving from 2.0% to 2.1%. Comparable Headline Earnings per Share of 278.8 cents per share is line with last year on a 52-week basis.

Tuesday 22 Oct 2019
22 October 2019

[Cape Town, 22 October 2019] Pick n Pay today published its interim financial results for the six months ended 1 September 2019. Consistent and effective implementation of the right long-term plan over a number of years has delivered earnings growth despite an increasingly challenging consumer environment.

Friday 26 Apr 2019
26 April 2019

*Pick n Pay follows a 52-week retail financial calendar, which requires the inclusion of an additional week every six years. The 2019 financial year is a 53-week period, and its results are not directly comparable with 2018. Additional pro forma financial information was provided on an equivalent 52-week basis, to assist stakeholders with their assessment of the Group’s comparable performance. The information below is on a 52-week comparable basis.

Tuesday 16 Oct 2018
16 October 2018
[Cape Town, 16 October 2018] Pick n Pay today published its financial results for the six months ended 26 August 2018. 
Thursday 19 Apr 2018
19 April 2018
Pick n Pay today published its annual financial results for the year ending 25 February 2018.
Tuesday 17 Oct 2017
17 October 2017

[Cape Town, 17 October 2017] Pick n Pay today announced its ninth consecutive period of profit and turnover growth. Headline earnings per share grew 11.6% on a normalised basis, excluding the impact of a voluntary severance programme. Turnover grew 5.1%, reflecting a difficult trading environment and significant investment in lower prices for our customers.

Thursday 21 Sep 2017
21 September 2017

[Cape Town, 21 September 2017]  Pick n Pay today launches an exciting new Store account, with great benefits for all qualifying Smart Shoppers and other customers who sign up to be a Smart Shopper.

Wednesday 19 Apr 2017
19 April 2017
[Cape Town, 19 April 2017 Pick n Pay today announced growth of 18% in headline earnings per share for the year ended 26 February 2017. This was achieved in conditions of persistently low economic growth and significant financial pressures on consumers across the income scale.
Wednesday 22 Mar 2017
22 March 2017
[Cape Town, 22 March 2017] 50 years ago almost to the day, Raymond Ackerman bought three small stores in Cape Town. His one goal: to fight high prices and bring South Africans the best prices and best service of any retailer in South Africa.
Tuesday 18 Oct 2016
18 October 2016
[Cape Town, 18 October 2016] Pick n Pay today delivered growth of 23.7% in headline earnings per share (HEPS) for the Half-Year ending 28 August 2016. This is the Group’s seventh consecutive reporting period of headline earnings growth in excess of 20%. It was delivered despite a challenging trading environment characterised by sluggish economic growth, depressed consumer confidence and heightened competition.
Monday 13 Jun 2016
13 June 2016
[Cape Town, 13 June 2016] Pick n Pay Stores announced today that it was seeking shareholder approval for a proposal to replace its current pyramid ownership structure with a simpler, more modern single share listing. Shareholders will vote on 25 July.
Tuesday 26 Apr 2016
26 April 2016
[Cape Town, 26 April 2016] Pick n Pay today reported a strong financial performance for the year ending 28 February 2016, with its highest turnover growth for six years, an improved gross profit margin, sound expense control and greater operating efficiency. Pre-tax profit was up 22.3% on the equivalent period last year, demonstrating substantive progress in executing the Group’s three-stage turnaround strategy. Before the impact of capital profits and losses on the disposal and impairment of assets, pre-tax profit was up 26.1%.
Tuesday 13 Oct 2015
13 October 2015
[Cape Town, 13 October 2015] Pick n Pay today reported a substantial increase in sales growth and profit for the half-year ending 31 August 2015. Pre-tax profit was up 23.0% on the equivalent period last year. As a result of accelerated sales growth and greater operating efficiency, segmental pre-tax profit in the core South Africa division grew by 44.7% on last year.
Tuesday 21 Apr 2015
21 April 2015
[Cape Town, 21 April 2015] Pick n Pay has reported growth in headline earnings per share of 28.0% at the full year to end February 2015. The company lifted profit before tax to R1205.2m, up 44.7% on the previous year. The final dividend was up 27.1% to 98.5 cents with the total dividend for the year up 28.0% to 118.1 cents, maintaining the dividend cover of 1.5 times headline earnings per share.