Shoprite Group results for the 52 weeks ended 29 June surpassed a N$250 million mark, the group announced on Tuesday.
Chief executive officer Pieter Engelbrecht said the group achieved sales growth of N$20.6 billion for the period.
Engelbrecht said the group returned N$16.5 billion at point of sale while successfully maintaining its selling price inflation at only 2.3% in its core Supermarkets RSA segment.
The group has 30 million customers, and in terms of sales performance in its core Supermarkets RSA segment, the Shoprite and Usave brands saw a sales increase of 5.9%, translating to N$6.5 billion in sales growth from a substantial base of N$110.1 billion.
Recognising the economic pressures its customers face, Shoprite managed to keep Shoprite’s pricing inflation below 2%.
Checkers continued to thrive, with sales growth of 13.8%, adding N$11.6 billion to reach almost N$100 billion in sales. With 350 supermarkets, including 40 Checkers Hyper stores, Engelbrecht said the group believes Checkers’ vision to democratise premium food retail has significant untapped potential in South Africa.
“Our on-demand delivery platform, Sixty60, again achieved phenomenal growth, with sales increasing by 47.7% to measure N$18.9 billion. We continued executing on our strategy to focus on growing the businesses that form part of our core Supermarkets RSA, and in doing so, we reduced exposure in certain Non-RSA regions whilst also selling our furniture business to Pepkor Holdings Ltd,” the group said.
Looking ahead, the group said its focus remains on developing an omnichannel retail platform to enhance its customer experience. The group has launched new online shopping options, including the Checkers transactional website and updated Sixty60 app, extending its delivery services across other retail categories and formats.
The board declared a final dividend of 496 cents (2024: 445 cents) per ordinary share, payable to shareholders on 29 September. This brings the total dividend for the year to 781 cents (2024: 712 cents) per ordinary share. The last day to trade cum dividend will be 22 September 2025.
–Johannesburg Securities Exchange
Caption
Pieter Engelbrecht
- Photo: Contributed
