South African retailer Pick n Pay has posted turnover growth of 16.4% on the back of strong growth at its African and Australian retail businesses.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Group turnover rose to ZAR23.7bn (US$2.26bn), with southern African units posting growth of 15.2% while Australian discount retailer Franklins saw sales rise 24.9%.
Trading profit climbed 16.7%, boosted by a small profit at its Frankins chain versus a year ago loss.
Earnings excluding one-time items and the amortisation of goodwill for continuing operations climbed 20% to ZAR425.8m. Diluted headline EPS rose 21.5% to 89.76 cents.
Looking to the full year, Pick ‘n Pay predicted EPS gains of between 10% and 20%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
