Shoprite Holdings ( (SRHGF) ) has released its Q2 earnings. Here is a breakdown of the information Shoprite Holdings presented to its investors.
Shoprite Holdings is a leading retail company operating primarily in the supermarket sector in South Africa, known for its diverse range of brands and extensive store network. The company has reported strong financial results for the 26 weeks ending December 29, 2024, with significant growth in sales and earnings. Key highlights include a 9.4% increase in group revenue to R130.8 billion and a 9.6% rise in merchandise sales to R128.6 billion. The core South African Supermarkets segment saw a 10.4% increase in sales, reaching R107.7 billion. The company’s diluted headline earnings per share grew by 9.9% to 659.9 cents, and an interim dividend per share increased by 6.7% to 285 cents. Shoprite opened a net number of 283 stores and added 2,989 employees over the period. Looking ahead, Shoprite remains focused on leveraging its physical and digital platforms to drive growth, with expectations of continued expansion in its core supermarket operations and adjacent business formats.