Primaresearch - Pick N Pay Stores Limited (1062) Pick n Pay (PIK) - Saving Private Label

Report

Primaresearch

Shamil Ismail

EUR 169.30 For Business Accounts Only

Pick n Pay (PIK) - Saving Private Label

We consider some of the factors that could be contributing to the anemic growth of PIK in its corporate supermarkets, and note that the growth in private label participation may have been aided by management keeping this category’s prices in check relative to national brands. This strategy does however curtail topline growth.

25/04/2017 10 EN

Underlying

Pick N Pay Stores Limited

Pick n Pay is an investment holding company. Co. has two operating segments, namely South Africa and Rest of Africa. Co. provides food, non-edible groceries, clothing, liquor and tobacco, health and beauty products, building and hardware and general merchandise. Co.'s offer also includes additional services such as financial transactions at till points (including mobile money), ticketing services and the sale of gift cards. In addition to manufacturer-branded products, Co. has a number of Pick n Pay and Boxer private label products to suit every budget. Co. operates on both an owned and franchise basis. Co.'s stores range from hypermarkets to small convenience stores.

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ZAE000005443 Johannesburg Stock Exchange South Africa

Provider

Primaresearch

Primaresearch is an independent, sell-side, equity research firm based in Cape Town, South Africa. We focus our research on consumer-facing companies as we have credible experience in this space. The name “primaresearch” invokes both high quality (prime) as well as “primary” research – being novel and offering value-add investment insights for our clients.

Our Vision

Our vision is to be the leading independent sell-side research firm in Africa. While we start with South Africa, we are looking into providing our clients with comprehensive, Africa-wide consumer-facing company and market research. Africa is poised to emerge as a significant consumer market, for which investors in South Africa and abroad will require thorough research and insights on. We aim to be the “go-to” research firm for these investors.

Our Culture

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Analysts

Shamil Ismail

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