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    SHP   ZAE000012084

SHOPRITE HOLDINGS LIMITED

(SHP)
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End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 01/21
207.58 ZAR   +1.52%
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Shoprite : Smaller-format Checkers Foods launched by popular demand

11/25/2021 | 10:10am EST

Customer demands for Checkers supermarkets in their neighbourhoods inspired the newly launched, smaller format Checkers Foods which today opened its first store in Gauteng.

Checkers Foods at the Weltevreden Park Shopping Centre in Roodepoort has created 71 new jobs, and with three more neighbourhood stores scheduled to open in early 2022, Checkers continues to create employment opportunities in the current difficult economic environment.

The new 186m2 Checkers Foods store boasts an expanded fresh food offering with solution-based convenience ranges curated to meet specific customer needs, including lunch, braai, dinner or emergency purchases.

Customer demands for Checkers supermarkets in their neighbourhoods inspired the newly launched, smaller format Checkers Foods.

Conveniently located and ideal for quick top-up shops, Checkers Foods offers:

  • An impulse island - with ready-to-eat options such as fresh sushi and sandwiches
  • Exclusive brands, such as Forage & Feast and Simple Truth
  • A butchery with free range chicken and restaurant-quality steak
  • A bakery with artisan breads
  • Fresh flowers
  • A wine cellar
  • Starbucks

"We have spent a great deal of time to understand what our customers want and how they like to shop, and the new format Checkers Foods neighbourhood store was designed with the customer at the forefront. The result is an improved shopping experience with fantastic fresh foods on offer, together with the convenience, quality, value and competitive pricing customers have come to expect from Checkers."

- Willem Hunlun, Chief Operating Officer at Checkers

Checkers Foods Weltevreden store boasts an expanded fresh food offering with solution-based convenience ranges curated to meet specific customer needs, including lunch, braai, dinner or emergency purchases.

Three more Checkers Foods stores will open in Westlake, Franschhoek (both in the Western Cape) and Ballito (in KwaZulu-Natal) early next year.

Disclaimer

Shoprite Holdings Ltd. published this content on 25 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 15:09:03 UTC.


ę Publicnow 2021
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Financials
Sales 2022 176 B 11 486 M 11 486 M
Net income 2022 5 529 M 360 M 360 M
Net Debt 2022 27 016 M 1 760 M 1 760 M
P/E ratio 2022 20,7x
Yield 2022 2,70%
Capitalization 112 B 7 326 M 7 307 M
EV / Sales 2022 0,79x
EV / Sales 2023 0,74x
Nbr of Employees 140 000
Free-Float 84,3%
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Mean consensus HOLD
Number of Analysts 8
Last Close Price 207,58 ZAR
Average target price 197,75 ZAR
Spread / Average Target -4,74%
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Managers and Directors
Pieter Christiaan Engelbrecht Chief Executive Officer & Executive Director
Anton de Bruyn Chief Financial Officer & Executive Director
Wendy Elizabeth Lucas-Bull Independent Chairman
Sizo Njova Operations Manager
Joseph Anthony Rock Independent Non-Executive Director
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