Shane Watkins
Analyst, Royal Weather Capital
Replay available
Pick n Pay Stores Limited (PKPYY) Q4 2026 Earnings Call
Pick n Pay Stores Limited (OTC: PKPYY) Q4 2026 earnings conference call, held 2026-05-25. Replay captured from the company's public earnings webcast.
Investor webinar replay
Meeting Overview The meeting focused on the presentation of Pick and Pay's FY26 full-year results, highlighting the company's recovery trajectory, financial performance, and strategic initiatives. Key figures were discussed, including turnover, profitability, and the impact of store closures. Key Discussion Points - Introduction to FY26 results and acknowledgment of media coverage. - Overview of the company's recovery and steady sales growth. - Financial highlights: - Group turnover of $120 billion, up 3.4%. - Profit before tax increased to $360 million from a loss of $237 million last year. - Boxer segment growth at 12.3%, while Pick and Pay segment turnover declined by 1.6%. - Discussion on the impact of store reset programs and ongoing strategic initiatives. - Improvement in like-for-like sales growth and internal selling price inflation. - Performance of the clothing segment and overall trading profit metrics. Decisions Made - No explicit decisions recorded. Action Items & Next ...
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Speaker 1: Good morning and welcome to everybody here present today inside the auditorium Speaker 1: and then all of those joining us online. Speaker 1: Good morning Speaker 1: and welcome to this presentation Speaker 1: of our FY26 Speaker 1: full year results. Speaker 1: It's my pleasure to do the introduction today Speaker 1: and to just bring you up to speed a little bit with where we are and I know that there's obviously been Speaker 1: lots of coverage in the media Speaker 1: and Speaker 1: another trading update that was issued on Friday. Speaker 1: But I suppose some of the real major call outs for us is that the journey that we're on is that we are pleased with the steady pace of recovery Speaker 1: that we're showing in the organization Speaker 1: and specifically in our top line sales growth Speaker 1: and we recognise that there is still an enormous amount of work to be done. Speaker 1: And you know it's amazing driving in here today if you just have a look outside the building and you have a look at how Pick and Pay is showing up as a business today Speaker 1: with all of its new branding, Speaker 1: its positioning Speaker 1: and really getting the essence of the company back into what we do every day. That this company certainly Speaker 1: does have a heartbeat today and it does have a pulse. And we recognize that we still got a lot of work to do, but we have done a lot in the last 2 years. Speaker 1: And for that, I thank my entire management team and leadership team in the company, as well as every single solitary person that works for this business. Speaker 1: Our people are lovely and pick and pair. They are absolutely great. And I always say if you're having a tough day in the office and things are looking really hard just go and visit the store a...