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(Reg. No. 1936/007721/06) | (ISIN: ZAE000012084) | (JSE Share code: SHP)
(A2X Share code: SHP) | (NSX Share code: SRH) | (LuSE Share code: SHOPRITE) | (“the Group”)
Group results for the 52 weeks ended 2 July 2023
Pieter Engelbrecht, Chief Executive Officer: Restated*
2023 was extraordinary as the Group gained record Change 52 weeks 52 weeks
levels of market share, saved customers over Key information – continuing operations % 2023 2022
R13.5 billion in Xtra Savings, and still managed to
increase profits and dividends, despite the prohibitive Sale of merchandise (Rm) 16.9 214 956 183 868
cost to the business owing to unprecedented levels Trading profit (Rm) 5.7 11 916 11 278
of load-shedding. Operating profit (Rm) 11.7 12 344 11 055
Sales growth of 17.8% in our core Supermarkets Profit before income tax (Rm) 9.6 9 132 8 332
RSA business demonstrates our multi-year Income tax expense (Rm) 10.1 2 812 2 553
transformation strategy underpinned by our Smarter Profit for the year (Rm) 9.4 6 320 5 779
Shoprite and core supermarkets segmentation Attributable to owners of the parent (Rm) 6 305 5 750
approach. Attributable to non-controlling interest (Rm) 15 29
Headline earnings per share (cents) 9.6 1 166.2 1 063.9
Checkers and Checkers Hyper’s 18.0% sales growth Basic earnings per share (cents) 10.0 1 161.4 1 055.5
can be attributed to superb delivery on the value and Dividend per share (cents) 10.5 663.0 600.0
range our customers have come to know, trust, and
expect from us. Checkers Sixty60 increased sales by Profit for the year including discontinued operations (Rm) 2.8 5 901 5 740
81.5%, underscoring our omnichannel customer Attributable to owners of the parent (Rm) 5 886 5 711
growth. Attributable to non-controlling interest (Rm) 15 29
Headline earnings per share including discontinued
Shoprite and Usave’s commitment to low prices and operations (cents) 3.7 1 095.3 1 056.3
affordability delivered sales growth of 15.6% with Basic earnings per share including discontinued
second half sales including the successful integration operations (cents) 3.4 1 084.3 1 048.3
of 92 Massmart stores into our operations. Our
Shoprite and Usave customer, core to our business, * Restated for the classification of the Group’s DRC operations as discontinued operations in accordance
is battling high costs of living and spurring us on to with IFRS 5: Non-current Assets Held for Sale and Discontinued Operations and the reclassification of the
continually improve product affordability. Group’s share of profit of equity accounted investments.
Our customers continued to support our efforts Declaration of ordinary dividend
across our core supermarket and LiquorShop The Board has declared a final dividend of 415 cents (2022: 367 cents) per ordinary share,
businesses in South Africa, spending an additional payable to shareholders on Monday, 2 October 2023. The dividend has been declared out of
R26.0 billion more than last year with us. This equated income reserves. This brings the total dividend for the year to 663 cents (2022: 600 cents)
to a 1.4% increase in market share, extending our per ordinary share. The last day to trade cum dividend will be Tuesday, 26 September 2023.
period of uninterrupted South African market share As from Wednesday, 27 September 2023, all trading of Shoprite Holdings Ltd shares will take
gains to 52 months. place ex dividend. The record date is Friday, 29 September 2023. Share certificates may not
be dematerialised or rematerialised between Wednesday, 27 September 2023, and Friday,
In the context of the country’s power challenges we 29 September 2023, both days inclusive.
are pleased to report growth in headline earnings and
dividends per share. It is disappointing, however, that In terms of the Dividends Tax, the following additional information is disclosed:
if not for the R1.3 billion expense incurred to power 1. The local dividend tax rate is 20%.
generators across our South African store base, our 2. The net local dividend amount is 415 cents per share for shareholders exempt from paying
market leading sales growth would have delivered Dividends Tax and 332 cents per share for shareholders liable to pay Dividends Tax.
higher returns for our shareholders. Similarly, our 3. The issued ordinary share capital of Shoprite Holdings Ltd as at the date of this declaration
profit growth would also have resulted in a higher is 591 338 502 ordinary shares.
Shoprite Employee Trust distribution for our 4. Shoprite Holdings Ltd’s tax reference number is 9775/112/71/8.
employees.
About this announcement
In a record year for store growth, we added 340 net This short-form announcement is the responsibility of the Directors of Shoprite Holdings Ltd. It is
new stores to total 3 326 as a Group. We created only a summary of the information in the condensed consolidated financial statements and does
3 651 new jobs not including the 4 480 people not contain full or complete details. The condensed consolidated financial statements for the year
employed since January 2023 as part of the ended 2 July 2023 have been reviewed by Shoprite Holdings Ltd’s external auditors who have
Massmart acquisition. Notwithstanding the impact of reached an unmodified review conclusion. Any investment decisions by investors and/or shareholders
the diesel on profits this year, our Shoprite Employee should be based on consideration of the condensed consolidated financial statements as a whole.
Trust, now in its second year, expensed R235 million
(2022: R128 million) in relation to employee The condensed consolidated financial statements have been released on the JSE at
distributions in South Africa and equivalent awards https://senspdf.jse.co.za/documents/2023/jse/isse/SHP/ye2023.pdf and are also available
to qualifying employees in countries outside for viewing at https://www.shopriteholdings.co.za/docs/ye2023-sep2023.pdf. Copies of the
South Africa during 2023. condensed consolidated financial statements may be requested from the Company Secretary
(cosec@shoprite.co.za, tel +27 (0)21 980 4284) at PO Box 215, Brackenfell, 7561, South Africa.
These are amongst many commendable Group
freshidentity // 6460 Shoprite/E_BReport
achievements this year of which I am incredibly By order of the Board
proud. My sincere thanks are extended to our WE Lucas-Bull PC Engelbrecht
valued customers and almost 154 000 employees Chairman Chief Executive Officer
who make up Team Shoprite. It is a result of your
leadership and collective commitment that this Cape Town
performance, which in turn benefits so many, was 5 September 2023
made possible.
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