Shoprite Holdings Ltd (OTCPK:SRGHY)
$ 14.385 0.145 (1.02%) Market Cap: 7.83 Bil Enterprise Value: 9.70 Bil PE Ratio: 24.02 PB Ratio: 5.43 GF Score: 95/100
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Half Year 2022 Shoprite Holdings Ltd Earnings Call Transcript

Mar 08, 2022 / 07:30AM GMT
Release Date Price: $14.88 (+1.29%)
Pieter C. Engelbrecht
Shoprite Holdings Limited - CEO & Executive Director

Good morning, ladies and gentlemen. A very warm welcome to you from this beautiful Checkers store in Drakenstein, Paarl in the Western Cape, a store that was long in the making, site was bought many years ago. We also have here a liquor store and a Little Me down the passage, which I will tell you a little bit more later.

I think you've become accustomed to how we do our presentations. I will do a small, short overview and then Anton will give some color to the financial numbers in detail, and then I will end off with a bit of strategy and what we're currently busy with.

The double-digit sales growth over the last 6 months, illustrates that the Shoprite Group of Companies is very soon going to become a ZAR 200 billion revenue company. What was quite pleasing about the results is that the gross profit also grew in double-digits, which means we did not have to sacrifice any margin in order to achieve the double-digit sales and we are pleased to say that we equaled last year first 6 months gross margin of 24.1%

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