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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”)
Unaudited results for the 26 weeks ended
31 December 2023 and cash dividend declaration
Pieter Engelbrecht, Chief Executive Officer: Restated*
The Shoprite Group’s results for the period under Change 31 Dec 1 Jan
review reflect the business’s incredible dedication Key information – continuing operations % 2023 2023
to our customers whose support of our
operations, both in-store and online via our
Checkers Sixty60 app has resulted in us extending Sale of merchandise (Rm) 13.9 121 079 106 276
our market share gains in our core South African Trading profit (Rm) 10.7 6 660 6 016
supermarket business. The 14.6% increase in Operating profit (Rm) 8.1 6 720 6 214
sales from our core business segment equates to Profit before income tax (Rm) 3.8 4 921 4 742
R12.4 billion in additional customer spend with us Income tax expense (Rm) 2.8 1 517 1 475
on the same period last year. Despite reporting Profit for the period (Rm) 4.2 3 404 3 267
against an exceptionally high base of sales growth Attributable to owners of the parent (Rm) 3 412 3 254
of 17.5% for the same period last year, the 14.6% Attributable to non-controlling interest (Rm) (8) 13
increase in sales for this interim period compares Headline earnings per share (cents) 7.3 624.0 581.3
admirably to the rest-of-market growth in Basic earnings per share (cents) 4.6 627.2 599.5
South Africa, per NielsenIQ, for the same period Dividend per share (cents) 7.7 267.0 248.0
of 7.6%.
Profit for the period including discontinued operations (Rm) 6.4 3 331 3 130
Checkers and Checkers Hyper’s 13.7% sales Attributable to owners of the parent (Rm) 3 339 3 117
increase is a result of unwavering execution of Attributable to non-controlling interest (Rm) (8) 13
the brand’s clear value proposition, continued Headline earnings per share including discontinued
store upgrades and advances in the areas of operations (cents) 8.6 610.5 562.3
fresh, private label and on-demand execution Basic earnings per share including discontinued
by Checkers Sixty60, which increased sales operations (cents) 6.9 613.7 574.3
by 63.1% over the six months. * Restated for the adoption of IFRS 17: Insurance Contracts.
Shoprite and Usave increased sales by 13.1%. Declaration of ordinary dividend
Shoprite, with the inclusion of 51 stores acquired The Board has declared an interim dividend of 267 cents (H1 2023: 248 cents) per ordinary share,
from Massmart Holdings Ltd, increased sales payable to shareholders on Tuesday, 2 April 2024. The dividend has been declared out of income
by 13.2% while Usave, our limited assortment reserves. The last day to trade cum dividend will be Monday, 25 March 2024. As from Tuesday,
discounter, increased sales by 12.3%. 26 March 2024, all trading of Shoprite Holdings Ltd shares will take place ex dividend. The record
date is Thursday, 28 March 2024. Share certificates may not be dematerialised or rematerialised
While the operating context in South Africa between Tuesday, 26 March 2024, and Thursday, 28 March 2024, both days inclusive.
remains challenging and costly, especially taking
into consideration the ongoing cost of diesel In terms of the Dividends Tax, the following additional information is disclosed:
generators during load-shedding, we are most 1. The local dividend tax rate is 20%.
pleased to report increase in profits and 2. The net local dividend amount is 267 cents per share for shareholders exempt from paying
dividends for the period. Dividends Tax and 213.6 cents per share for shareholders liable to pay Dividends Tax.
3. The issued ordinary share capital of Shoprite Holdings Ltd as at the date of this declaration
The Group continues to invest in the business on is 591 338 502 ordinary shares.
a number of fronts: tech and digital, supply chain, 4. Shoprite Holdings Ltd’s tax reference number is 9775/112/71/8.
stores and of course, people. Over the six months
we added a net of 197 new stores to total About this announcement
3 543 stores and as a Group our commitment This short-form announcement is the responsibility of the Directors of Shoprite Holdings Ltd.
to employment growth resulted in the creation It is only a summary of the information in the condensed consolidated interim financial
of 2 617 new jobs. statements and does not contain full or complete details. Any investment decisions by
investors and/or shareholders should be based on consideration of the condensed
The well-known African proverb ‘it takes a village’ consolidated interim financial statements as a whole.
is no understatement at Shoprite today as we The condensed consolidated interim financial statements have been released on the JSE
strive to meaningfully improve the lives of millions at https://senspdf.jse.co.za/documents/2024/jse/isse/SHP/ie2024.pdf and are also available
of people on a daily basis. My sincere thanks to for viewing at https://www.shopriteholdings.co.za/docs/int2024-mar2024.pdf. Copies of the
Team Shoprite, our base of close to 161 000 condensed consolidated interim financial statements may be requested from the Company
employees; the Group’s customer base who Secretary (cosec@shoprite.co.za, tel +27 (0)21 980 4284) at PO Box 215, Brackenfell,
number 29 million in South Africa alone and our 7561, South Africa.
many stakeholders including our valued suppliers
freshidentity // 6492 Shoprite/E_BReport
and SMME partners. As a Group we are By order of the Board
authentically purpose led in all that we do WE Lucas-Bull PC Engelbrecht
and I am incredibly proud of how our collective Chairman Chief Executive Officer
efforts are increasingly borne out not just in our
results but in the difference we make to the lives Cape Town
of our people and customers every day. 5 March 2024
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