Pick n Pay targets break-even profit in turnaround timeframe despite subdued sales growth

• Pick n Pay reiterated its previously announced target to reach break-even profit at its Pick n Pay segment within a stated timeframe.
• The outlook depends on completing turnaround actions, including the ongoing Section 189A labor consultation process tied to proposed terms changes.
• For the 20 weeks to July 19, 2026, group turnover rose 2.7% with 2.5% like-for-like growth; online turnover jumped 37.5%.
• Pick n Pay SA like-for-like sales grew 1.9% with turnover down 0.4% due to store closures or conversions; Boxer turnover rose 7.2%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pick 'n Pay Stores Limited published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S525074), on August 06, 2026, and is solely responsible for the information contained therein.