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(Reg. No. 1936/007721/06) | (ISIN: ZAE000012084) | (JSE Share code: SHP)
(NSX Share code: SRH) | (LuSE Share code: SHOPRITE) | (“the Group”)
Unaudited results for the 26 weeks ended 1 January 2023
Pieter Engelbrecht, Restated*
Chief Executive Officer Change 1 Jan 2 Jan
Key information – continuing operations % 2023 2022
It is gratifying to report growth of this
nature despite the challenging Sale of merchandise (Rm) 16.8 106 276 91 015
Trading profit (Rm) 8.6 6 014 5 540
operating environment defined by Operating profit (Rm) 18.7 6 212 5 233
chronic power outages across Profit before income tax (Rm) 20.8 4 742 3 926
Income tax expense (Rm) 22.8 1 475 1 201
South Africa. Our Supermarkets RSA Profit for the period (Rm) 19.9 3 267 2 725
Attributable to owners of the parent (Rm) 3 254 2 709
segment (80.1% of Group sales) Attributable to non-controlling interest (Rm) 13 16
increased sales by 17.5% as a result of Headline earnings per share (cents) 10.2 581.3 527.4
Basic earnings per share (cents) 20.9 599.5 496.0
our customers spending R12.7 billion Dividend per share (cents) 6.4 248.0 233.0
more with us compared to the same
Profit for the period including discontinued operations (Rm) 14.7 3 130 2 730
period last year. Pleasingly, this growth Attributable to owners of the parent (Rm) 3 117 2 714
Attributable to non-controlling interest (Rm) 13 16
was achieved across the board, with Headline earnings per share including discontinued
key brands Shoprite and Usave operations (cents) 6.4 562.3 528.4
Basic earnings per share including discontinued
increasing sales by 15.1% and Checkers operations (cents) 15.6 574.3 497.0
and Checkers Hyper increasing sales * Restated for the classification of the Group’s DRC operations as discontinued operations in accordance with
by 16.9%. In both instances this is IFRS 5: Non-current Assets Held for Sale and Discontinued Operations and the reclassification of share of profit
of equity accounted investments to trading profit which previously was included in profit before income tax.
growth ahead of the market, adding
1.4% to our South African market Declaration of ordinary dividend
The Board has declared an interim dividend of 248 cents (H1 2022: 233 cents) per ordinary share,
share as the business grew volumes, payable to shareholders on Tuesday, 11 April 2023. The dividend has been declared out of income
customers and basket spend. We are reserves. The last day to trade cum dividend will be Monday, 3 April 2023. As from Tuesday,
4 April 2023, all trading of Shoprite Holdings Ltd shares will take place ex dividend. The record
acutely aware of the pressures our date is Thursday, 6 April 2023. Share certificates may not be dematerialised or rematerialised
between Tuesday, 4 April 2023, and Thursday, 6 April 2023, both days inclusive.
customers face and we thank them for
their valued support in recognition of In terms of the Dividends Tax, the following additional information is disclosed:
1. The local dividend tax rate is 20%.
our commitment to price leadership. 2. The net local dividend amount is 248 cents per share for shareholders exempt from paying
Dividends Tax and 198.4 cents per share for shareholders liable to pay Dividends Tax.
We are disappointed that due to the considerable
3. The issued ordinary share capital of Shoprite Holdings Ltd as at the date of this declaration
spend on diesel to operate generators across our
is 591 338 502 ordinary shares.
stores during load-shedding, we are not reporting the
4. Shoprite Holdings Ltd’s tax reference number is 9775/112/71/8.
level of profit and dividend growth that would normally
be associated with this level of sales growth. Despite
this, we managed the needs of all of our stakeholders About this announcement
by investing R7 billion into price for customers, This short-form announcement is the responsibility of the Directors of Shoprite Holdings Ltd. It is only
increasing our dividend to shareholders by 6.4% and a summary of the information in the condensed consolidated interim financial statements and does
investing further in our people with an across-the- not contain full or complete details. Any investment decisions by investors and/or shareholders should
board minimum wage increase and payments be based on consideration of the condensed consolidated interim financial statements published
associated with our Shoprite Employee Trust in on the Stock Exchange News Service (SENS) and www.shopriteholdings.co.za as a whole.
South Africa and equivalent awards in countries
outside South Africa. In line with the Group’s pro-job The condensed consolidated interim financial statements have been released on the JSE
creation stance, we employed an additional 3 881 (https://senspdf.jse.co.za/documents/2023/jse/isse/SHP/ie2023.pdf) and are also available
people in our supermarket businesses during the for viewing at https://www.shopriteholdings.co.za/content/dam/SENS/INT2023-Mar2023.pdf.
period, not including the 4 480 people we employed Copies of the condensed consolidated interim financial statements may be requested from the
from January 2023 as part of our purchase of select Company Secretary (cosec@shoprite.co.za, tel +27 (0)21 980 4284) at PO Box 215, Brackenfell,
businesses from Massmart Holdings Ltd. 7561, South Africa.
Group results of this nature are only possible due to By order of the Board
the incredible commitment and efforts of our people,
Team Shoprite, who are to be commended for their WE Lucas-Bull PC Engelbrecht
freshidentity // 6428 Shoprite/E_BReport
teamwork and world-class execution. We look Chairman Chief Executive Officer
forward to continuing on our strategic path which
keeps us firmly committed to meeting the needs Cape Town
of our valued customers for many years to come. 7 March 2023
www.shopriteholdings.co.za Sponsor
