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Pick n Pay Stores Limited (PKPYY) Q2 2026 Earnings Call Transcript

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Sean Summers
CEO & Executive Director

Okay. Good morning, and welcome, everybody, to our H1 FY ’26 results presentation, a special warm welcome Mrs. Ackerman, Wendy, good morning. Welcome, Gareth, and all my colleagues from Pick n Pay. And everybody, both online and here, in the auditorium, it’s great to have you with us this morning.

As part of the introduction, I just want to quickly flip over and just to give a little bit of an overview of where we find ourselves now on our journey in Pick n Pay. It’s been quite an interesting 24 months since I returned and it’s been a bit of a compacted time period. In some dimension, it feels like I never ever left Pick n Pay, but the last 2 years have really, really flowed and gone by fast.

And the great thing for us is that, if we have to sit and really be truly honest with ourselves, and we cast our minds back about 18 months ago, not even 18 months, maybe 15, 16 months. When we put forward the business plan in May of what we were going to do in terms of restoring the fortunes of Pick n Pay. I can say with all honesty that there is not much that we would have done differently. And for me, honestly, as you know, it’s the only thing that you can deal with in life and we continually are asking ourselves a question, are there any other levers we can find or are there any other levers we can pull, and they certainly are not.

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