South African (SA) grocery retailer Pick n Pay reported on Monday a smaller loss before tax, saying it reflected the success of strategic initiatives.<\/p>\n
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The country’s third-largest grocery retailer posted a loss before tax and capital items of R317 million ($18.31 million) in the 26 weeks to August 31, compared to a loss of R1.1 billion ($63.55 million) last year.<\/p>\n
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Pick n Pay has been battling to regain some of its market share lost to one of its main competitors, Shoprite.<\/p>\n
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The group said its turnover grew by 4.9% to R58.8 billion ($3.39 billion), driven by a 13.9% rise in Boxer’s turnover, its discounter business spun out last year, and a 0.1% growth in the Pick n Pay segment.<\/p>\n
<\/p>\n
Group trading profit rose by 273.5% year-on-year to R310 million ($17.88 million), lifted partly by a R931 million ($53.72 million) Boxer trading profit but softened by a R621 million ($35.86 million) trading loss in its Pick n Pay business.<\/p>\n
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“The multi-year journey of returning Pick n Pay to a profitable and future-fit business continues to be tackled in a purposeful and methodical manner,” said the company in a statement.<\/p>\n
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–Reuters–<\/p>\n","protected":false},"featured_media":13847,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-13844","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"South African (SA) grocery retailer Pick n Pay reported on Monday a smaller loss before tax","published_date":"2025-10-27 09:43:48","news_description":"South African (SA) grocery retailer Pick n Pay reported on Monday a smaller loss before tax","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13844\/revisions"}],"predecessor-version":[{"id":13846,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13844\/revisions\/13846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13847"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=13844"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=13844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}