Latest news with #BoxerRetail
IOL News
29-07-2025
- Business
- IOL News
Boxer Retail's share price rises following positive trading update
Boxer produced consistent market share gains through the 17-week period to June 29, 2025. and also saw positive recent trends, as the high base from the first few months of 2025 normalises, Image: : Nqobile Mbonambi/Independent Newspapers Boxer Retail was one of the top biggest movers on the JSE Tuesday morning after it reported a strong performance for the 17-week period to June 29, despite a highly constrained consumer environment and internal food selling price inflation of -0.6%. The soft discount retailer, which was listed out of Pick n Pay in November last year, saw its share price rise 3.58% to R69.21 early Tuesday morning after the release of a trading update that showed turnover up 12.1% and 3.9% on a like-for-like basis. The share price is not far off the R63.51 it traded at when it listed. This represents a positive trend when compared with the 9% turnover and 3.7% like-for-like growth reported for the second half of its 2025 financial year, as disclosed in Boxer's results for the 53 weeks to March 2, 2025. 'Boxer has produced consistent market share gains through the period and also seen positive recent trends, as the high base from the first few months of 2025 normalises,' its directors reported. They said the internal food inflation on a volume-held-constant basis represented a further reduction from the volume-held-constant inflation of 0.3% for the 2025 financial year. 'Despite the challenging economic environment and the mild deflation reported for the period, Boxer remains comfortable that it is on track to meet its previously guided low-teens FY26 turnover growth objective, given the like-for-like momentum and store rollout program,' the directors said. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Boxer opened 7 Superstores and 10 liquor stores in the first four months of the 2026 financial year, and it was on track to meet its previously communicated store roll-out targets, the directors said. 'Boxer remains confident with its FY26 gross margin outlook, despite the inherent margin management challenges in a low inflation environment,' they said. Boxer, which is still 65.6% held by Pick n Pay, said it was switching to reporting volume-held-constant inflation, which more appropriately reflects its effective selling price inflation to customers. For the 2022, 2023, and 2024 financial years, Boxer's volume-held-constant internal selling price inflation was 4.2%, 10.1%, and 3.1% respectively. BUSINESS REPORT
Yahoo
28-05-2025
- Business
- Yahoo
Could The Market Be Wrong About Boxer Retail Limited (JSE:BOX) Given Its Attractive Financial Prospects?
With its stock down 5.3% over the past month, it is easy to disregard Boxer Retail (JSE:BOX). However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Boxer Retail's ROE. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Boxer Retail is: 71% = R1.4b ÷ R1.9b (Based on the trailing twelve months to March 2025). The 'return' refers to a company's earnings over the last year. So, this means that for every ZAR1 of its shareholder's investments, the company generates a profit of ZAR0.71. See our latest analysis for Boxer Retail We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. First thing first, we like that Boxer Retail has an impressive ROE. Additionally, the company's ROE is higher compared to the industry average of 23% which is quite remarkable. Probably as a result of this, Boxer Retail was able to see a decent net income growth of 15% over the last five years. As a next step, we compared Boxer Retail's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 12%. Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Boxer Retail is trading on a high P/E or a low P/E, relative to its industry. While the company did pay out a portion of its dividend in the past, it currently doesn't pay a regular dividend. We infer that the company has been reinvesting all of its profits to grow its business. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 40% of its profits over the next three years. Regardless, Boxer Retail's ROE is speculated to decline to 50% despite there being no anticipated change in its payout ratio. On the whole, we feel that Boxer Retail's performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
IOL News
22-05-2025
- Business
- IOL News
Pick n Pay predicts significant recovery in headline loss per share
Pick n Pay Retail giant Pick n Pay reported an improvement in headline losses per share for the 52-week period to end February 2025, but its core store segment was still reporting trading losses.. Image: Supplied. Pick n Pay Stores' share price soared nearly 5% on Tuesday, after it predicted that its headline loss per share (HLPS) would improve by between 55% and 75% for the 52-week trading to February 25, which is indicative of its turnaround strategy starting to take effect. The HLPS for the major grocery store group that struck financial difficulties during the past two years would be between -77.49 cents and -43.05 cents for the period, compared with the HLPS of -172.21 in the same period last year. The share was trading at R27.43 late afternoon Thursday, 4.89% higher than the opening price, but sharply down from R53.85 three years ago, as the share price followed the declining financial performance of the group. Pick n Pay management said in a trading statement that the reduced losses at the HLPS level were due to better trading profit in its Pick n Pay stores, lower second-half interest charges due to the successful implementation of a two-step recapitalisation plan, and trading profit growth in the majority-held subsidiary, Boxer Retail, which listed on the JSE recently. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading There was a substantial reduction in impairments, declining to less than R500 million in the 2025 financial year from R2.4 billion in 2024. 'While the guided result signals a very meaningful 2025 earnings recovery, the group continues to incur a loss within the Pick n Pay segment on a trading profit after lease interest basis, and the group cautions that this is likely to remain the case for some time,' Pick n Pay's management said. The annual results are due to be released on Monday. Visit:
TimesLIVE
12-05-2025
- Business
- TimesLIVE
Boxer expands footprint: 48 new stores opened, targeting 60 more by 2026
Boxer Retail will invest R1.2bn in new stores and a distribution centre in KwaZulu-Natal this year. The grocery retailer added 48 new stores in the 52 weeks to March, bringing its total store network across South Africa and Eswatini to 525. This resulted in 3,000 new jobs, taking its total staff complement to close to 32,000. Boxer is targeting another 60 stores (25 superstores and 35 liquor stores) in the 2026 financial year. The company, which was unbundled from Pick n Pay and listed on the JSE in November last year, reported a 13.2% growth to R42.3bn. Trading profit increased 9.9% to R2.3bn, at a trading margin of 5.5%. 'The results are a testament to our powerful discount model underpinned by a deep understanding of our customers' needs,' the company said. 'We drive volume growth by giving customers great value, enabling us to expand our store network and improve our efficiency, all of which helps us deliver even better prices for our customers. 'It's a model that continues to work, and we're excited about the opportunities ahead and future growth. While there will be continued economic pressures, this is where Boxer really thrives, and we are resolutely focused on execution to capture growth opportunities, which remains our primary focus,' said Marek Masojada, Boxer CEO. Boxer operates in the lower market segment and competes with Shoprite, Usave and Spar's SaveMor. Boxer said 'it's lean discount model, efficient supply chain, and focused expansion give it a strong edge in South Africa's evolving retail landscape.' The company has 1.9-million members on its loyalty rewards programme, which was launched in October last year. It has partnered with Capitec to offer rewards members a discount on 5KG Goldi chicken. The partnership comes hot on the heels of similar collaborations between Pick n Pay and FNB, and Checkers and Standard Bank, who are offering discounts to clients.
Bloomberg
12-05-2025
- Business
- Bloomberg
South Africa's Recently Listed Budget Grocer Plans More Stores
Boxer Retail Ltd. plans to increase its store rollout in the next three months as South Africa's most recently listed budget-grocery chain makes the most of a new distribution center and a market that's starved for growth. The retailer will soon open a new distribution center in the country's eastern province of KwaZulu-Natal. This will fuel capacity for at least 200 new stores in the next five years, Chief Executive Officer Marek Masojada said Monday.
