Pick n Pay’s headline earnings per share dropped 21.4 per cent year-on-year for the 12 months ended February. Earnings were impacted by trading restrictions, which resulted in an about R4 billion in lost sales, and R200 million in additional costs related to Covid-19. Pick n Pay has also welcomed a new CEO. Joining CNBC Africa to review those numbers and the growth strategy is Lerena Olivier, CFO at Pick n Pay.
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