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Pick n Pay 52-week dil HEPS seen 25%-35% lower

12 Apr 2013

Pick n Pay Holdings expects its diluted headline earnings per share from continuing operations in the 52-week period ended 3 March 2013 to decline by between 25% and 35%‚ from the comparative period ended 29 February last year.

The company said it experienced a challenging trading year with turnover growth for the period‚ excluding the additional trading days‚ at 6.3% and growth in comparable stores of 3.0%. Turnover growth‚ including the additional trading days‚ was 7.1%.

"The second half of the trading period resulted in encouraging turnover growth of 8.2%‚ compared to the 5.9% achieved in the first half."

Ebitda from continuing operations is expected to decrease by between 5% and 15%.

The results are expected on 23 April.

Source: I-Net Bridge

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