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Thu 4 Jun 2026
Close: 5100c 
Day's move: 0c (+0.00%)
Volume: 838 185
Trades: 2 010
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Spar - response to media reporting
The SPAR Group addressed media reporting published on 2 June 2026 by Business Day ("Business Day Article"), and to provide SPAR shareholders ("Shareholders") and all stakeholders with an accurate and complete account of the matters raised.
Legal action
Regarding the complaints against SPAR Group Chairman, Mike Bosman, and the request for a "delinquent director" declaration, the Group stands very firmly in support of Mike Bosman's leadership and views the request as baseless, vexatious, malicious and without merit.
Conclusion
SPAR remains committed to maintaining high standards of governance, compliance, ethical trading and financial control. We continue to support entrepreneurial retailers and communities across South Africa. Where concerns are identified, they are assessed and addressed through the appropriate internal and external processes.
The matters referred to in the article do not have any impact on the information previously disclosed by SPAR to the market.
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Click here for original article
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Spar - correction announcement
Shareholders of SPAR were referred to the "Trading Update and Trading Statement for the 26 weeks ended 27 March 2026" published on 29 May 2026, and are advised that the revenue growth for Ireland (EUR) for the 26 weeks ended 27 March 2026 was incorrectly reported as 3.4%.
The 3.4% growth rate reflects revenue growth in Rand terms. The correct revenue growth for Ireland (EUR) is 2.2%.
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Click here for original article
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Spar - trading statement
SPAR reported an 18% revenue increase for the 26 weeks ending 27 March 2026, driven by growth in Ireland (EUR) and SPAR Health, despite challenges in Southern Africa. Group earnings per share (EPS) and headline earnings per share (HEPS) from continuing operations are expected to decline by 50% to 60% compared to the prior period, primarily due to margin compression, increased promotional costs, and impairments. The company announced the disposal of its UK (AWG) business, expected to complete by September 2026. SPAR is implementing strategic initiatives to improve margins and operational efficiency, with results to be detailed in the upcoming results presentation on 10 June 2026.
The Group expects to report EPS and HEPS for the current period (excluding the results of discontinued operations) within the ranges provided below:
26 weeks ended 27 March 2026 expected range (cents per share); expected range (%)
- HEPS: 174c to 217c; -60% to -50%
- Diluted HEPS: 173c to 216c; -60% to -50%
- EPS: 140c to 180c; -65% to -55%
- Diluted EPS: 139c to 179c; -65% to -55%
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Click here for original article
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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