Pepkor shares slide on subdued earnings outlook
Retailer maintains its medium-term growth target despite a subdued consumer environment.
Pepkor's shares declined following a subdued earnings outlook, reflecting persistent pressure on discretionary retail spending in its core South African market. The retailer nonetheless reaffirmed its medium-term growth targets, suggesting management expects current consumer headwinds to be cyclical rather than structural. Its ability to meet those targets will depend on whether constrained household budgets recover enough to support volume growth across its value-focused formats.
Filed Under
What did you make of this
Sign in to react and save stories. Reading is always free.
Be the first to comment
Sign in to join the conversation. Reading is always free.
Related Reports & Analysis
Premier forecasts revenue jump from RFG acquisition
But the deal could be a pain point for the proposed retrenchments at the fruit-processing facility in the Western Cape.
Diesel and Petrol Prices Set to Soar in October
Latest CEF data shows significant under-recoveries across all fuel grades.
Emerging Currencies Extend Losses as Bond Market Stress Builds
High-yielding EM currencies and those exposed to commodities such as the South African rand and Mexican peso have underperformed since the dollar started rebounding last week, and that trend has the potential to continue, according to Lee H
From Second-Hand Market to National Success
Rene Kinghorn, stigter van Baby Boutique Online, vertel hoe haar besigheid van tweedehandse babamarkte tot ’n suksesvolle nasionale onderneming gegroei het.