The SPAR Group attributed its losses in headline earnings, this week, to a series of financial and operational losses.
The Group lost about 1.6 billion in market capitalisation in just one day, in a 15% drop of its share price.
The Group struggled with distribution in KwaZulu Natal, characterised by operational and logistical capacity challenges, which severely hampered retailer service levels and inflated costs.
Moreover, Black Friday discounts, back in November 2025, compressed gross profit margins, while above-inflation cost growth against inflation, decreased operating profits.
To aggravate the situation, Angelo Swartz, CEO, resigned, and was replaced by former Woolworths finance director -Reeza Isaacs, in March.
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