Pick n Pay cuts headline loss by 45% as Boxer, clothing and online sales drive growth

In the first half of 2026 financial year, the The Pick n Pay group reduced its headline loss by 45.3% to R439 million, compared to a loss of R803 million in corresponding period of the 2025 financial year.

The retailer is boosted by a strong Boxer performance, expansion of its clothing division and online sales.

Group turnover rose by 4.9%, supported by strong growth of 13.9% from Boxer.

The PnP Clothing division expanded its footprint with the opening of its 400th stand-alone store, and online sales recorded solid double-digit growth, reflecting Pick n Pay’s growing strength across multiple retail segments.

Speaking to Stephen Grootes on The Money Show, Pick n Pay CEO, Sean Summers says these interim results are crucial to the retailers return to profitability.

"It's another step on the journey that we're on. As I said, with the benefit of hindsight, when we put our plan together some 18 months ago, there's nothing that I would've done fundamentally different," said Summers.

"Would I like it to happen quicker? Sure bet I'd love it to happen quicker, but one's got to be realistic about market constraints and about the realities of where the company's found itself and about the journey going ahead,"added Summers.

In the region of 60 loss-making Pick n Pay supermarkets were closed or converted during the last year as part of the retailers efforts to return to profitability.

"...in the 60 stores that we've closed, we've given up maybe R4 billion in sales. It's a big number, so now the journey is just to make sure our topline sales growth is greater than our expense growth," said Summers.

Listen to the full interview in the audio player below.