Africa’s largest supermarket group, Shoprite Holdings, expects annual headline earnings per share to increase by up to 14.7%, driven by steady sales growth across its core grocery footprint.
Shoprite said in an operational update that merchandise sales from continuing operations for the 52 weeks ended June 28 rose 7.2% to R270.8 billion ($16.7 billion), up from R252.7 billion ($15.6 billion).
The retailer projects headline earnings per share (HEPS) between R14.98 ($0.93) and R15.66 ($0.97), rising from a restated R13.65 ($0.84) recorded in the previous financial year.
Top-line growth was anchored by its core South African supermarket division, which generated R213.5 billion ($13.2 billion) in sales—a 7.1% increase year-on-year—while digital platform Checkers Sixty60 surged 34.5%.
“The group delivered sustained momentum supported by steady sales growth and expansion in its core grocery business,” the company stated in its trading report.
“Internal selling price inflation remained subdued at 0.8%,” Shoprite noted, maintaining prices significantly below South Africa’s national food and non-alcoholic beverage inflation rate of 3.9%.
The results highlight how leading African retailers leverage scale, store footprint expansion, and rapid e-commerce adoption to navigate constrained consumer budgets across major regional markets.
