| Mon 27 Oct 2008, 9:00 | | SHP - Shoprite - Trading Update |
|
SHP
SHP
SHP - Shoprite - Trading Update
SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration no. 1936/007721/06
ISIN: ZAE000012084
JSE share code: SHP
NSX share code: SRH
LuSE share code: SHOPRITE
("Shoprite" or "the company")
TRADING UPDATE
In the three months to end September the Shoprite Group continued to grow
turnover satisfactorily. Total sales increased by 25,9%, identical to the rate
of growth recorded in the same period last year. This enabled the Group to grow
market share in South Africa by 1,5%.
Internal food inflation during the review period rose to 16,5%, double the 8,2%
in the corresponding period. In the month of September food inflation eased 0,4%
lower than in the preceding two months.
Sales in the Group`s stores outside South Africa increased by 44,5% in rand
terms. This growth was affected positively by the weakening of the rand against
some of the major African currencies in which it trades.
Trading conditions in the furniture sector, characterized by aggressive
discounting and virtually nil inflation, continued to be extremely tight. The
Group`s furniture division nevertheless reported a sales increase of 10,2%.
The impact of global economic turbulence on the local market, the still high
level of food inflation and the volatility of the rand against major trading
currencies, make trading predictions for the nine months to June 2009 difficult.
Cape Town
27 October 2008
Sponsor: Nedbank Capital
Date: 27/10/2008 09:00:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
