Pick n Pay

Leadership change to trading Statement: Pieter Boone is stepping down as CEO of Pick n Pay, & will be replaced by former CEO, Sean Summers. The company expects a Headline loss per share for H1 FY24 between -149.36 & -129.82c. Group sales +5.4%. South Africa +5.1%. Pick n Pay SA sales +0.3%. Boxer SA sales +16.1%. The challenging trading period was due to weak consumer demand, promotions & increased costs due to load shedding.
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