Bid Corporation Limited (BID) Earnings Call Transcripts

Bid Corporation Limited's Latest Earnings Call - June 2, 2026

In the Q2 2026 earnings call, Bid Corporation Limited reported strong revenue growth driven by resilient consumer demand across various regions, particularly in South Africa and South America. The company achieved revenue of ZAR 1.1 billion, reflecting a 10% year-over-year increase, while EBITDA improved by 20 basis points to 6%. Management maintained a positive outlook for the remainder of the fiscal year, signaling confidence in continued growth despite challenges such as elevated fuel prices and geopolitical tensions.

Reported metrics

Guidance from management

Management maintained a positive outlook for the remainder of the fiscal year, confident in continued growth despite external challenges. They expect to finish the year tracking closely to previous guidance.

What management said

Thanks, David. The first couple of questions are yours. Please, could you give us the average exchange rate being used for the 10 months for 4 divisions? Our preferred measure is constant currency. Obviously, we have to report in rands, but we manage the business in local currencies. And whatever the rands come to is what the rands come to. We have no control over that. But David will answer that question.

To the end of April, it's ZAR 20.31 to the sterling, ZAR 19.85 to euro, Aussie is ZAR 11.41, and New Zealand, ZAR 9.94. So I think the euro is probably still weaker on average against comparative last year to the rand. But I think the U.K., Aussie and New Zealand is stronger versus those currencies.

What analysts pressed on

Analysts expressed concerns about the sustainability of growth in the U.K. amid a tough macroeconomic environment and the ongoing challenges in Greater China. There were also inquiries regarding the potential impact of rising consumer prices and geopolitical tensions on future performance.

Main topics on the call

• Strong Revenue Growth — Bidcorp reported a revenue increase of 10% year-over-year, with May showing higher growth than the year-to-date average. Management stated, "consumer demand has held up very, very well," indicating robust sales across mu...
• Cost Management Amid Fuel Price Increases — The company has absorbed elevated fuel costs rather than passing them onto customers, which has generated goodwill. Bernard Berson noted, "we've taken a very calculated and deliberate decision" to manage costs effectivel...
• Regional Performance Variability — South Africa and South America showed exceptional growth, while the U.K. faced a challenging environment. Berson mentioned, "the macroeconomic situation isn't great" in the U.K., but the business is still performing well...
• Acquisition Strategy and Opportunities — Management indicated a cautious approach to acquisitions, with potential deals in New Zealand and South America. They stated, "we are looking at some acquisitions, some of them are at a very advanced stage," signaling re...

Read the full Bid Corporation Limited transcript (June 2, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Bid Corporation Limited earnings call transcripts on record, spanning February 19, 2020 to June 2, 2026. Based on this history, Bid Corporation Limited reports quarterly. The most recent call on file is dated June 2, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BID

Exchange

JSE

Country

ZA

Sector

Consumer Staples

Industry

Consumer Staples Distribution and Retail

Calls on record

27

First call

February 19, 2020

Most recent

June 2, 2026

Reporting cadence

quarterly