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Tue 24 Feb 2026
Close: 7 448c 
Day's move: -174c (-2.28%)
Volume: 3 391 131
Trades: 8 069
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Spar - 18 week trading update
The Group wholesale turnover from continuing operations for the period was 2.1% up year on year. However, gross profit margins in Southern Africa declined relative to the comparable prior period. This reflects an unfavourable sales mix, the impact of our targeted promotional strategy over the Black Friday period, and the continued investment in loyalty and margin recovery initiatives in KwaZulu-Natal.
The interim results will be published on or about Wednesday, 10 June 2026.
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Spar - investor conference call
SPAR shareholders were advised that the Group will release its trading update for the 18 weeks ended 30 January 2026 on Monday, 23 February 2026.
Management will host an investor conference call from 09:00 to 09:30 (SAST) on the same day to discuss the Group's trading performance and recent executive leadership changes.
Participants may register and access the webcast at: corpcam.com/Spar23022026
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SPAR - group leadership changes
SPAR announced the resignation of Mr Angelo Swartz as Group CEO, effective 28 February 2026, after 19 years of service, including as CEO since October 2023. Mr Swartz will support an orderly transition over three months. He led the company through operational stabilisation and portfolio simplification. The board appointed Mr Reeza Isaacs, the current Group CFO, as the new Group CEO from 1 March 2026, with Ms Megan Pydigadu, the current COO, becoming Group CFO. The company's strategic focus remains unchanged, emphasising performance in Southern Africa, margin resilience, balance sheet deleveraging, and portfolio simplification. Additionally, a new Managing Director role for the Groceries and Liquor segment will be established to boost operational execution.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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