Pick n Pay share price plummets as market frowns on interim results
Market is not impressed with high operating costs, rising debt and sluggish revenue growth
18 October 2022 - 08:38
UPDATED 18 October 2022 - 20:23
Pick n Pay’s share price fell the most since May 2020 as the market took a dim view of high operating costs, rising debt to finance expansion and sluggish growth in its premium brand, as reported in its interim results on Tuesday.
By the JSE’s close the share price had fallen 9.31% to R58.54...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.