Latest news with #SPARGroup
Time of India
3 days ago
- Business
- Time of India
South Africa's SPAR plans to sell Swiss and UK retail businesses
HighlightsSouth Africa's SPAR Group is planning to sell its retail businesses in Switzerland and the United Kingdom after a strategic review of its European operations. The group is currently in exclusive talks with an unnamed established UK-based business regarding the sale of its UK operation, Appleby Westward Group. SPAR's Swiss business, which operates 300 stores, contributes approximately 16 billion rand ($899 million) to the group's turnover, while the South West England unit contributes around 6 billion rand. South Africa's SPAR Group plans to sell its retail businesses in Switzerland and in the United Kingdom after completing a strategic review of its European operations , the retail and wholesale group said on Thursday. The group, which owns several SPAR country licences of the Dutch SPAR group, has been trimming its international operations in order to "maximize the return on capital allocated". Last year it sold its loss-making Polish business. The group said it was in exclusive talks with an established UK-based business over the sale of its UK operation Appleby Westward Group . The potential buyer, which SPAR did not name, was "well positioned to develop and grow AWG in South West England," it said. In Switzerland, SPAR has been engaging established parties with extensive business interests in the region and experience in European food retail and distribution , it added. "The group approach has been to engage parties whose interests align with the growth ambitions of the local management teams and retailer partners, and will ensure continuity for employees, suppliers and customers," SPAR said. The Swiss business, with 300 stores, contributes 16 billion rand ($899 million) to group turnover, while the South West England unit contributes 6 billion rand. Internationally, SPAR will be left with Ireland , its biggest overseas business, and a joint venture in Sri Lanka .
Reuters
4 days ago
- Business
- Reuters
South Africa's SPAR plans to sell Swiss and UK retail businesses
JOHANNESBURG, May 29 (Reuters) - South Africa's SPAR Group (SPPJ.J), opens new tab plans to sell its retail businesses in Switzerland and in the United Kingdom after completing a strategic review of its European operations, the retail and wholesale group said on Thursday. The group, which owns several SPAR country licences of the Dutch SPAR group, has been trimming its international operations in order to "maximize the return on capital allocated". Last year it sold its loss-making Polish business. The group said it was in exclusive talks with an established UK-based business over the sale of its UK operation Appleby Westward Group. The potential buyer, which SPAR did not name, was "well positioned to develop and grow AWG in South West England," it said. In Switzerland, SPAR has been engaging established parties with extensive business interests in the region and experience in European food retail and distribution, it added. "The group approach has been to engage parties whose interests align with the growth ambitions of the local management teams and retailer partners, and will ensure continuity for employees, suppliers and customers," SPAR said. The Swiss business, with 300 stores, contributes 16 billion rand ($899 million) to group turnover, while the South West England unit contributes 6 billion rand. Internationally, SPAR will be left with Ireland, its biggest overseas business, and a joint venture in Sri Lanka. ($1 = 17.7956 rand)
Yahoo
14-05-2025
- Business
- Yahoo
SPAR Group, Inc. (SGRP) Surpasses Market Returns: Some Facts Worth Knowing
SPAR Group, Inc. (SGRP) ended the recent trading session at $1.06, demonstrating a +0.95% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.73% for the day. At the same time, the Dow lost 0.64%, and the tech-heavy Nasdaq gained 1.61%. The company's stock has dropped by 4.55% in the past month, falling short of the Business Services sector's gain of 9.41% and the S&P 500's gain of 9.07%. The investment community will be paying close attention to the earnings performance of SPAR Group, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.03, marking a 50% fall compared to the same quarter of the previous year. Any recent changes to analyst estimates for SPAR Group, Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. SPAR Group, Inc. is currently sporting a Zacks Rank of #3 (Hold). In terms of valuation, SPAR Group, Inc. is currently trading at a Forward P/E ratio of 8.75. This signifies a discount in comparison to the average Forward P/E of 18.11 for its industry. The Business - Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 48, putting it in the top 20% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPAR Group, Inc. (SGRP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
