Pick n Pay Stores Limited (PKPYY) Q4 2026 Earnings Call

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 identities could not be resolved; generic labels used] [00:01] Speaker 1: Good morning and welcome to everybody here present today inside the auditorium [00:07] Speaker 1: and then all of those joining us online. [00:10] Speaker 1: Good morning [00:11] Speaker 1: and welcome to this presentation [00:13] Speaker 1: of our FY26 [00:16] Speaker 1: full year results. [00:18] Speaker 1: It's my pleasure to do the introduction today [00:22] 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 [00:29] Speaker 1: lots of coverage in the media [00:31] Speaker 1: and [00:32] Speaker 1: another trading update that was issued on Friday. [00:36] 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 [00:44] Speaker 1: that we're showing in the organization [00:47] Speaker 1: and specifically in our top line sales growth [00:50] Speaker 1: and we recognise that there is still an enormous amount of work to be done. [00:56] 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 [01:05] Speaker 1: with all of its new branding, [01:08] Speaker 1: its positioning [01:09] Speaker 1: and really getting the essence of the company back into what we do every day. That this company certainly [01:15] 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. [01:24] Speaker 1: And for that, I thank my entire management team and leadership team in the company, as well as every single solitary person t...