Pick n Pay stock carries FY26 losses into CEO handover
Published on 10/05/2026 at 20:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Pick n Pay stock was last at ZAc 1,942 on October 5, 2026 at 5:00 p.m. SAST, down 0.56 percent on the JSE, as the grocer carries a difficult FY26 into a planned leadership handover. The latest reported year ended March 1, 2026, with revenue growth but lower operating profit. For investors, the key question is whether the group can convert its restructuring into sustainable profit.
FY26 revenue rose 1.03 percent
According to Investing.com, Pick n Pay reported fiscal-year revenue of ZAR 123.152 billion for the year ended March 1, 2026, up 1.03 percent from the prior year. Gross profit reached ZAR 25.480 billion, giving the retailer a 20.69 percent gross margin.
The profit line was weaker. Operating profit fell 4.21 percent to ZAR 1.685 billion, while net income remained negative at a loss of ZAR 728 million for FY26, according to Investing.com.
Boxer supports the recovery plan
Pick n Pay operates supermarkets, clothing and liquor stores, franchise outlets and online channels under the Pick n Pay and Boxer banners. Its investor-relations page lists 2,261 stores across South Africa and neighboring markets and says Pick n Pay owns 65.6 percent of Boxer, which was separately listed on the JSE in November 2024.
That structure makes the discount chain an important part of the turnaround story while the core supermarket business works through store conversions, cost controls and margin pressure. The FY26 figures show the gap between modest top-line growth and the stronger earnings recovery still required.
Analysts rate the shares Neutral
The consensus panel on Investing.com is Neutral, based on 8 analysts. It lists 5 Hold ratings, 3 Sell ratings and 0 Buy ratings, with an average 12-month target of ZAR 2,050, a low of ZAR 1,600 and a high of ZAR 2,200.
CEO transition starts February 1
As Reuters reported on September 22, 2026, Pick n Pay named Spencer Sonn CEO-designate from February 1, 2027. He is expected to work alongside Sean Summers before Summers contract expires in May 2028, creating a lengthy handover during the turnaround.
Stock stays below its yearly high
Pick n Pay stock was last at ZAc 1,942 on the JSE on October 5, 2026, with 997,649 shares traded. The price stood 41.0 percent below the 52-week high of ZAc 3,290 and above the 52-week low of ZAc 1,755, while market capitalization was ZAR 14.3 billion.
Key facts on Pick n Pay stock
- Company: Pick n Pay Stores Limited
- Ticker: PIK.JO
- Trading venue: JSE
- Price (as of October 5, 2026, 5:00 p.m. SAST): ZAc 1,942
- Market capitalization: ZAR 14.3 billion (as of October 5, 2026)
- 52-week range: ZAc 1,755-ZAc 3,290 (as of October 5, 2026)
- Sector / Industry: Consumer Staples / Food Retail
Upcoming dates for Pick n Pay stock
- February 1, 2027: Spencer Sonn becomes CEO-designate
