Shoprite Holdings Ltd (OTCPK:SRGHY)
$ 14.24 0.2599 (1.86%) Market Cap: 7.75 Bil Enterprise Value: 9.62 Bil PE Ratio: 23.77 PB Ratio: 5.37 GF Score: 95/100
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Full Year 2021 Shoprite Holdings Ltd Earnings Call Transcript

Sep 07, 2021 / 07:00AM GMT
Release Date Price: $12.74
Pieter C. Engelbrecht
Shoprite Holdings Limited - CEO & Executive Director

Good morning. Welcome to the results presentation for 2021 of the Shoprite Group. We are presenting today from the beautiful store here, Checkers store in Brackenfell opposite our main offices. And I will be doing an introduction. I will hand over to our Chief Financial Officer, Anton de Bruyn, do a closing, and then we'll be ready for questions.

2021 has been quite a challenging year. And I want to say to you that at Shoprite, we truly live that saying of failure is not an option and hope is not a strategy. And it became quite evident recently with the unrest that we dealt with. And I'd like to quote Mr. Mandela in, "It's so easy to break down and destroy. The heroes are those who make peace and build." And that's exactly what we tried to do this year. Very few of us will believe or can believe that it's now been 530 days or more since the lockdown, the first lockdown.

But what we've -- we've always been good at opening stores, and what we had to learn recently is that we've become good at reopening stores.

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