The Shoprite Group is the largest South African retailer by market capitalisation, sales, profit, number of employees and customers. Since opening our first store in 1979, the Group has grown to 3 543 stores across 10 countries. Our purpose is to uplift lives everyday by pioneering access to the most affordable goods and services, creating economic opportunity and protecting our planet.
Everything we do is intrinsically linked to our core supermarket business and how we make grocery retail more affordable and accessible. Our platform thinking underpins our ambition to provide seamless engagement across physical and digital channels and leverage our scale, network and data, to create value for our customers and unlock new revenue for the Group.
Our ecosystem of value for customers
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7 Distribution of total operations as at 31 December 2023
GHANA
The Group is South Africa's | TOTAL | ||
largest private sector employer | CORPORATE | ||
and a leading employer | |||
in Africa with more than | STORES 2 938ght | ||
160 000 employees. | |||
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5 | L | ||
Sales reached R121 billion | 37 | ||
in the last 6 months with | 52 | 26 | |
MALAWI | |||
58 months of uninterrupted | ANGOLA | ||
market share gains. | ZAMBIA | MOZAMBIQUE | |
39 |
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We are market leaders in distribution with
30 distribution centres.
Our Xtra Savings rewards programme is the biggest in South Africa with 29.4 million members, providing the best value on quality products.
101
BOTSWANA | |
NAMIBIA | 46 |
2 592 | 33 |
ESWATINI | |
SOUTH AFRICA | |
LESOTHO |
Core retail platform
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TAKE A
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3/2024
SHOPRITE HOLDINGS LTD
Our purpose
Uplifting lives every day by pioneering access
to the most affordable goods and services, creating economic opportunity and protecting our planet.
Our strategy
The nine strategic priorities that guide our daily decision-making:
Our values
Our values guide our behaviour to fulfil our purpose, and they define how we do business.
Doing the right thing
- Putting our customers first
- Acting ethically and with integrity
- Making a difference beyond our own doors
ASmarter | ||||||
Shoprite | ||||||
1 | A | truly | - | |||
customer | ||||||
first | culture | |||||
fit | ||||||
- | ||||||
2 | Future | |||||
channels | ||||||
and | talent | |||||
3 | Enable | |||||
precision | ||||||
retailing |
Target headroom opportunities
4 Trusted, profitable private labels
5 Grow share in premium and fresh food
6 Stronger partnerships
Winning | in | ||||
the | long | ||||
7 | term | ||||
Unlock | |||||
alternative | |||||
8 | income | ||||
Force | |||||
9 | for | good | |||
Leverage | |||||
platform | |||||
advantage |
Saving to share
- Relentlessly focusing on improving productivity and managing costs to provide our customers with the lowest prices
- Helping others where we can
Developing local
- Investing in our people
- Creating opportunities
- Embracing economic transformation
- Supporting communities where our customer needs are the biggest
SHOPRITE HOLDINGS LTD
Unaudited results for the 26 weeks ended 31 December 2023
The Group's long-term performance is illustrated below through comparative sales figures as well as the share price performance over a 10-year period:
Annual sales
R'million | ||||||||||
220 000 | ||||||||||
200 000 | 956 | |||||||||
180 000 | 214 | |||||||||
868 | ||||||||||
160 000 | ||||||||||
168 030 | 183 | |||||||||
140 000 | 145 104 | 147 478 | 155 409 | |||||||
120 000 | 113 694130 028 | 141 000 | ||||||||
100 000 | 113 694 | |||||||||
80 000 | 102 204 | |||||||||
60 000 | ||||||||||
40 000 | ||||||||||
20 000 | ||||||||||
0 | ||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Shoprite Holdings Ltd share price
cents
28 000 |
26 000 |
24 000 |
22 000 |
20 000 |
Financial highlights
Restated* | |||
Unaudited | unaudited | ||
26 weeks | 26 weeks | ||
Change | 31 Dec '23 | 1 Jan '23 | |
Continuing operations | % | Rm | Rm |
Sale of merchandise | 13.9 | 121 079 | 106 276 |
Trading profit | 10.7 | 6 660 | 6 016 |
Earnings before interest, income tax, depreciation and amortisation (EBITDA) | 10.3 | 10 216 | 9 259 |
Profit before income tax | 3.8 | 4 921 | 4 742 |
Headline earnings from continuing operations | 7.6 | 3 395 | 3 155 |
- Restated for the adoption of IFRS 17: Insurance Contracts. Refer to note
2 of the condensed consolidated interim financial statements for details of
this change in accounting policy (see https://www.shopriteholdings.co.za/docs/ int2024-mar2024.pdffor more).
Performance measures
Diluted headline earnings per share from continuing operations (cents) | 7.6 | 621.4 | 577.5 |
Dividend per share declared (cents) | 7.7 | 267.0 | 248.0 |
Trading margin (%) | 5.5 | 5.7 | |
Analysis per reportable segment | |||
Sale of merchandise | |||
Supermarkets RSA | 14.6 | 97 517 | 85 084 |
Supermarkets Non-RSA | 6.2 | 10 606 | 9 987 |
Furniture | 1.7 | 3 975 | 3 909 |
Other operating segments | 23.1 | 8 983 | 7 296 |
Total continuing operating segments | 13.9 | 121 081 | 106 276 |
Hyperinflation effect | (2) | - | |
Total consolidated continuing operations | 13.9 | 121 079 | 106 276 |
Discontinued operations | - | 94 | |
Total operating segments including discontinued operations | 13.8 | 121 079 | 106 370 |
Contribution to total operating segments
18 000 |
16 000 |
14 000 |
12 000 |
10 000 |
8 000 |
6 000 |
4 000 |
2 000 |
0 |
Dec | Jun | Dec | Jun | Dec | Jun | Dec | Jun | Dec | Jun | Dec | Jun | Dec | Jun | Dec | Jun | Dec | Jun | Dec |
2014 | 2015 | 2015 | 2016 | 2016 | 2017 | 2017 | 2018 | 2018 | 2019 | 2019 | 2020 | 2020 | 2021 | 2021 | 2022 | 2022 | 2023 | 2023 |
80.5% | |
Supermarkets | |
RSA | |
Sale of | 8.8% |
Supermarkets | |
merchandise | Non-RSA |
3.3% | |
Furniture | |
7.4% | |
Other operating | |
segments |
87.6% | |
Supermarkets | |
RSA | |
Trading | 6.5% |
Supermarkets | |
profit** | Non-RSA |
1.9% | |
Furniture | |
4.0% | |
Other operating | |
segments |
** Trading profit excludes the impact of hyperinflation adjustments.
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Disclaimer
Shoprite Holdings Ltd. published this content on 05 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2024 06:08:30 UTC.