RETAILER Shoprite has published its financial results for the 26 weeks to 27 December 2020, showing a 4.7% lift in the sale of merchandise from continuing operations to R83.4 billion.
Trading profit increased by 18.3% to R4.7 billion, while operating profit was up 5% to R4.5 billion.
Diluted headline earnings per share (DHEPS) increased by 10.4% to 418 cents per share, and adjusted DHEPS increased by 17.1% to 416.2 cents per share.
The group’s core business, Supermarkets RSA – making up 78% of group sales – is represented by 1,685 stores across major trading banners Shoprite, Usave, Checkers, Checkers Hyper and LiquorShop. As a segment, Supermarkets RSA achieved 5.6% sales growth, it said.
“Internal selling price inflation of 4.3% for the period is a function of 4.4% internal inflation for the quarter ending September 2020 and 4.2% internal inflation for the second quarter ending December 2020,” the group said.
The
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