Shoprite profit climbs 14% paced by rising SA demand.
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GUEST - Pieter Engelbrecht – CEO of Shoprite Group
Shoprite’s latest results revealed that the retailer is facing significant challenges, with its share price plummeting 6% before rebounding.
On Tuesday, 4 March 2025, Shoprite released its unaudited results for the 26 weeks ending 29 December 2024.
The Shoprite Group, which includes Shoprite, Checkers, and Usave, increased revenue by 9.4% to R130.8 billion.
Merchandise sales increased by 9.6% to R128.6 billion, while sales from its South African supermarkets increased by 10.4% to R107.7 billion.
Diluted headline earnings per share increased by 9.9% to 659.9 cents from the restated 600.3 cents in the prior period.
The Shoprite Group opened a net total of 283 stores during the past year and increased its staff complement by 2,989 employees in six months.
Shoprite’s latest results revealed that the retailer is facing significant challenges, with its share price plummeting 6% before rebounding.
On Tuesday, 4 March 2025, Shoprite released its unaudited results for the 26 weeks ending 29 December 2024.
The Shoprite Group, which includes Shoprite, Checkers, and Usave, increased revenue by 9.4% to R130.8 billion.
Merchandise sales increased by 9.6% to R128.6 billion, while sales from its South African supermarkets increased by 10.4% to R107.7 billion.
Diluted headline earnings per share increased by 9.9% to 659.9 cents from the restated 600.3 cents in the prior period.
The Shoprite Group opened a net total of 283 stores during the past year and increased its staff complement by 2,989 employees in six months.
