Pick n Pay braces for another significant loss

Pick n Pay shares slumped by as much as 14% on Tuesday as the retailer warned of a larger-than-expected loss for the 52 weeks to 1 March as the turnaround of its core company-owned supermarkets in South Africa stalled towards the end of calendar 2025. This announcement was made after the market closed on Monday. It expects its annual loss to widen by more than 20% which it admits is a “disappointment”. Previously, it had guided that its trading loss would be “broadly in line” with that of its previous financial year. Victor Seanie, Head of SA Research at Benguela Global Fund Managers gives analysis on what is driving Pick n Pay’s widened loss despite its turnaround efforts.