GROCERY RETAIL
Making sense of Pick n Pay’s puzzling market moves
Shares in the retailer have seesawed wildly since it first released a trading update in early October, and analysts are split over its prospects
27 October 2022 - 05:00
How to make sense of the market’s reaction to Pick n Pay’s results, released last week?
The retailer’s shares slumped 9% on the day, stumping some analysts given its 11.5% rise in half-year revenue, to R51.3bn, and a 22% rise in pretax profit to R588m. ..
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.