Pick n Pay reported a significant turnaround for the 53 weeks ended 02 March 2025, with group turnover increasing by 5.6% to R118.6 bn and trading profit surging 334.3% to R1.759 bn. The Pick n Pay segment reduced its trading loss to R549m from R1.5 bn in FY24, supported by a 3.3% like-for-like sales growth in company-owned supermarkets. The group anticipates breaking even for the Pick n Pay segment in FY28, with CEO Sean Summers extending his tenure to May 2028 to oversee the recovery.
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