| Thu 14 Jul 2005, 13:40 | | Shoprite Holdings - Trading Statement No. 4 |
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Shoprite Holdings Limited - Trading Statement No. 4
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`)
TRADING STATEMENT NO. 4
For the 12 months to 3 July 2005, comprising 53 weeks, the Shoprite Group
increased turnover by 12,0% to approximately R29,8 billion, compared to the
corresponding 12 months of 52 weeks in 2004. If the additional week of the
current reporting period is disregarded, turnover growth was 9,5%.
All other comparatives contained in this Trading Statement have been calculated
on the basis of a 52-week period.
Despite the fact that the Group internal food inflation ranged from deflation to
+0,5%, management is satisfied with the turnover growth and the increase in
market share.
The Shoprite brand, the group`s core business, benefited from the increased
disposal income available in its target market. Total sales, supported by a 5,6%
increase in customer numbers, grew by 10,8% while turnover in existing stores
rose 7,7%.
The Checkers brand held it`s own in a fiercely contested sector despite a large
number of opposition stores being opened in the higher LSM sector during the
reporting period. Turnover in existing stores grew by 6,1% and total turnover by
7,4%. Six new stores were opened while one Hyper store was closed.
Group turnover was unfavourably affected by the performance of the 93 non-RSA
stores due to the negative impact of the strong rand. At constant conversion
rates, the non-RSA operation grew by 15,5%.
In line with the rest of the industry, growth in the Furniture Division
decelerated during the second half of the year but remains satisfactory.
Turnover in existing stores increased by 13,1% and by 15,6% overall. The market
in especially white and brown goods continues to be highly competitive.
The above financial information has not been reviewed or reported on by the
Shoprite Holdings auditors. The results for the 12 months to June 2005 are
expected to be published on 24 August 2005.
Whitey Basson, CEO, or Carel Goosen, deputy managing director (tel 021 980
4000).
Date issued 14 July 2005
Sponsor Nedbank Capital
Date: 14/07/2005 01:20:50 PM
Produced by the JSE SENS Department
