Shoprite Reports 15.8% Earnings Rise Amid 52-Week $14.3B Sales Growth

Shoprite Holdings, Africa's largest retailer partly owned by billionaire Christo Wiese, reported strong financial performance for the fiscal year ending June 29, 2025, with merchandise sales rising 8.9% to R252.7 billion ($14.3 billion) and earnings increasing 15.8%. The company's core South African supermarket division saw significant sales growth, particularly at its Checkers chain, which surged 13.8%, while its Sixty60 on-demand ecommerce platform's sales increased by 47.7%, showing strong brand advocacy and operational efficiency. CEO Pieter Engelbrecht highlighted efforts to maintain low selling price inflation at 2.3% and increased promotional activity to support financially constrained customers. Shoprite declared a final dividend of 4.96 rand per share and repurchased shares worth R997 million ($55.3 million), while continuing to streamline operations by selling its furniture business and exiting underperforming African markets. The company is also investing in its omnichannel retail platform, launching a new Checkers transactional website to enhance its proximity and service to South African households. These results reflect Shoprite's strategic focus on reinforcing its domestic market leadership while divesting less profitable segments.