| Mon 17 Jul 2006, 16:57 | | Shoprite Holdings - Trading Statement |
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SHP
SHP
Shoprite Holdings - Trading Statement
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
For the 12 months to 2 July 2006, the Shoprite Group increased turnover by 12,8%
to approximately R33,5 billion, compared to the corresponding 12 months of 53
weeks in 2005. If the additional week of the previous reporting period is
disregarded, turnover growth was 15,0%.
All other comparatives contained in this Trading Statement have been calculated
on the basis of a 52-week period in 2005.
During the reporting period internal food inflation remained below 3% and
management is, under those circumstances, satisfied with the turnover growth and
the performances of the Group"s various retail chains.
The Shoprite brand, the Group"s core business, benefited from the increased
disposable income available in its target market. Total sales, supported by a
10,6% increase in customer numbers, grew by 14,5% while turnover in existing
stores rose 8,1%. The chain opened 28 stores during the year and now operates a
total of 286 supermarkets.
Brand loyalty and strong growth in its support base enabled the Checkers brand
to compete effectively in its market segment. Turnover in existing stores grew
by 8,0% and total turnover by 14,2%. During the year 14 new supermarkets and one
hyper were opened while one supermarket was closed.
Group turnover was supported by the satisfactory growth in the performance of
the 90 non-RSA stores, which recorded turnover growth in rand terms of 20,5%,
with the strongest contributions coming from Zambia, Angola and Mozambique. At
constant conversion rates, this operation grew by 21.70%.
In line with the rest of the furniture industry, growth in our Furniture
Division was somewhat slower than our food division. Turnover in existing stores
increased by 7,3% and by 13,8% 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 2006 are
expected to be published on 16 August 2006.
Whitey Basson, CEO, or Carel Goosen, Deputy Managing Director (Tel 021 980
4000).
Date issued: 17 July 2006
Sponsor: Nedbank Capital
Date: 17/07/2006 04:57:09 PM Produced by the JSE SENS Department
