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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.
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
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/About Nqobile Dludla
Reporting by Nqobile Dludla; Editing by Himani Sarkar and Sherry Jacob-PhillipsRelated
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