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Shoprite posts half-year sales growth on festive demand

Shoprite Holdings said on Tuesday, 28 January 2025, its half-year sales from continuing operations grew by 9.6%, as both upmarket and discount customers stocked up on food during the festive season.

By Nqobile Dludla

29 Jan 2025

Source: Reuters/Siphiwe Sibeko

Shoprite, with more than 2,700 stores excluding OK Franchise across 10 countries, said sales in the six-month period ending 29 December came in at R128.6bn.

The group's core business, Supermarkets South Africa, contributing 83.7% to group sales, achieved sales growth of 10.4%, with like-for-like sales growth of 6.1%.

Shoprite's rest of Africa supermarkets business, which operates in nine countries, saw a 4.1% increase in sales.

In the three-month quarter ended December, which included the Christmas and Black Friday period, Shoprite saw sales grow by 8.7%.

Source: Reuters

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Go to: https://www.reuters.com/