- Half Year 2024 Pick N Pay Stores Ltd Earnings Call TranscriptOct 18, 2023R22.22 (-12.45%)Earnings
- Full Year 2023 Pick N Pay Stores Ltd Earnings Call TranscriptMay 04, 2023R32.01 (-9.16%)Earnings
- Half Year 2023 Pick N Pay Stores Ltd Earnings Call TranscriptOct 18, 2022R50.12 (-9.31%)Earnings
- Pick N Pay Stores Ltd Annual Shareholders Meeting TranscriptJul 26, 2022
- Pick N Pay Stores Ltd Ekuseni Strategy Presentation TranscriptMay 17, 2022
- Full Year 2022 Pick N Pay Stores Ltd Earnings Presentation TranscriptMay 17, 2022
- Half Year 2022 Pick N Pay Stores Ltd Earnings Call TranscriptOct 20, 2021R51.85 (+1.94%)Earnings
- Pick N Pay Stores Ltd Annual Shareholders Meeting TranscriptJun 28, 2021
- Full Year 2021 Pick N Pay Stores Ltd Earnings Call TranscriptApr 21, 2021R46.57 (+0.78%)Earnings
- Half Year 2021 Pick N Pay Stores Ltd Earnings Presentation TranscriptOct 20, 2020
- Pick N Pay Stores Ltd Annual Shareholders Meeting TranscriptAug 04, 2020
- Full Year 2020 Pick N Pay Stores Ltd Earnings Presentation TranscriptMay 12, 2020
- Half Year 2020 Pick N Pay Stores Ltd Earnings Call TranscriptOct 22, 2019R58.2 (+10.54%)Earnings
- Pick N Pay Stores Ltd To Present Adoption Of The New International Financial Reporting Standard IFRS 16: Leases (IFRS 16) TranscriptSep 25, 2019
- Full Year 2019 Pick N Pay Stores Ltd Earnings Presentation TranscriptApr 26, 2019
Pick N Pay Stores Ltd Annual Shareholders Meeting Transcript
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Representing the strongest reported sales growth for all listed companies in this period. There was a considerable strength underpinning the results with a normalized PBT of 2.1%. The team worked hard and invested behind lower prices for our customers. This resulted in an internal price inflation of 3.8% below CPI food inflation of 4.8%. We also focused on doing better deals and meeting customer needs using smart price, multi-buys and daily deals. We have seen positive volume growth as a consequence.
As a result of COVID restrictions, we experienced over 200 days in which we were prevented from selling liquor and 140 days in which we were not permitted to trade tobacco. We were also restricted at the start of the lockdown from selling clothing, general merchandise and some other products. Restrictions resulted in a decline in liquor and tobacco sales of 31%, directly as a result of the measures taken by the government in response to the pandemic. However, our underlying performance was very
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