Half Year 2026 Shoprite Holdings Ltd Earnings Call Transcript
Key Points
- Shoprite Holdings Ltd (SRGHY) reported a sales growth of 7.2%, adding 9.2 billion in sales for the six months.
- The company achieved a trading margin of 6.2% in its South African supermarkets, which is considered outstanding for a value trader.
- Headline earnings per share increased by over 7%, and the company was able to increase its dividend payment by 7.7%.
- Shoprite Holdings Ltd (SRGHY) gained market share for the sixth consecutive year, adding about 3 billion in value.
- The company maintained a high on-shelf availability of stock at over 98%, indicating strong supply chain efficiency.
- The non-RSA business units experienced a lower level of return, with challenges in Mozambique and currency shortages affecting profitability.
- The company faced a decrease in interest revenue by 9.8% due to the maturing of Angolan government bonds and bills.
- There was a decline in alt revenue by 2.1%, impacted by the Pingo reclassification.
- The non-RSA segment's profitability was under pressure due to business interruptions and currency shortages.
- The company experienced a 17.3% increase in water and electricity costs, impacting overall expenses.
Good morning ladies and gentlemen.
It's an absolute pleasure for us that you take some of your valuable time.
To give us roughly an hour of your time. But we can tell you a little bit about what has transpired in each one of this financial year. I'm going to just do a very quick synopsis and then I'm going to hand over to Anton, of course.
He'll take you through the detail, which is really important for you. I know the detailed numbers. I know you've read the sense and and and understand all of that. But he'll color it in for you to make sure your morals are in place. And then I'm just going to end off by saying a little bit about what we've been doing. Not everything is perfect, so we'll also tell you what is not great, so.
The sales growth was 7.2%. You have read that.
Now almost 137 billion for the half year.
Adding 9.2 billion in sales for the six months. The trading profit has grown by 5.9% to 7.7 billion.
And probably the The most Telling number
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