SHP
SHP
SHP - Shoprite Holdings Limited - Operational 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
("the Group")
OPERATIONAL UPDATE
For the 12 months to end June 2010, comprising 53 weeks, the Group increased
total turnover by 13.6% to about R67,4 billion, compared to the corresponding
12 months of 52 weeks in 2009. If the additional week of the current
reporting period is disregarded, turnover growth was 11.1%. Growth on a like-
for-like basis was 4.8%. During this period internal food inflation was 2.2%
compared to 15.8% during the corresponding 12 months.
Turnover growth slowed in the second half of the year to 10.3% from 11.9% in
the first half. This must be viewed against internal food inflation that
reduced from 4.2% in the first six months to 0.2% in the second.
The South African supermarket division, the core operation of the Group,
increased sales by 14.6% (12.0% on a 52 week basis).
Turnover of the 106 supermarkets the Group operates outside the borders of
South Africa declined by 2.1% compared to the previous year`s growth (4.3%
decline on a 52 week basis) due to the strengthening of the rand against the
currencies of some of the African countries in which the Group trades. At
constant currencies, however, these operations grew some 18.0%(15.3% on a 52
week basis).
Despite reduced consumer spending on durable goods the furniture division
succeeded in growing turnover by 16.7% (14.4% on a 52 week basis) in a
relatively low inflationary environment.
The above financial information has not been reviewed or reported on by the
Shoprite Holdings` auditors. The financial results for the review period are
expected to be published on or about Wednesday, 25 August 2010.
Whitey Basson Carel Goosen
Chief executive Deputy managing director
Tel 021 980 4000
Date issued 15 July 2010
Sponsor Nedbank Capital
Date: 15/07/2010 10:00:03 Produced by the JSE SENS Department.
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