SHP 201510190007A
Operational update
SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Reg. No. 1936/007721/06
ISIN: ZAE 000012084
JSE Share code: SHP
NSX Share code: SRH
LuSE Share code: SHOPRITE
(“Shoprite Holdings” or “the Group”)
OPERATIONAL UPDATE
In the three months to September 2015, the Shoprite Group increased turnover by
6.7%, a reflection of slower growth in the economy.
RSA Supermarkets, the Group’s primary business, grew sales by 4.9% during a
period when internal inflation reduced from 6% in the corresponding quarter to 3.4%.
The core customer base of its flagship Shoprite chain in particular remained under
pressure from mining job cuts, rising electricity costs, labour instability and lack of job
creation.
The Group’s Non-RSA Supermarkets achieved turnover growth of 12.8% (18.6% in
constant currencies) despite the impact of lower commodity prices and currency
devaluations of the three dominant countries in which the Group trades on the
continent.
The Group’s performance during the period was influenced by fewer store openings
compared with the corresponding period. There will however, be substantially more
store openings in the remaining three quarters of the financial year than in the same
period a year prior.
The Group remains optimistic in the medium term. Festive season sales are difficult
to predict, but a stronger double digit sales growth is already evident for the month of
October.
Whitey Basson Carel Goosen
Chief executive Deputy managing director
Tel 021 980 4000 Tel 021 980 4000
Tel 021 980 4000
Date issued 19 October 2015
Sponsor Nedbank CIB
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