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Shoprite profit climbs 14% paced by rising SA demand.

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GUEST - Pieter Engelbrecht – CEO of Shoprite Group
Shoprite’s latest results revealed that the retailer is facing significant challenges, with its share price plummeting 6% before rebounding.
On Tuesday, 4 March 2025, Shoprite released its unaudited results for the 26 weeks ending 29 December 2024.
The Shoprite Group, which includes Shoprite, Checkers, and Usave, increased revenue by 9.4% to R130.8 billion.
Merchandise sales increased by 9.6% to R128.6 billion, while sales from its South African supermarkets increased by 10.4% to R107.7 billion.
Diluted headline earnings per share increased by 9.9% to 659.9 cents from the restated 600.3 cents in the prior period.
The Shoprite Group opened a net total of 283 stores during the past year and increased its staff complement by 2,989 employees in six months.
4 Mar 2025 4PM English South Africa Business News · Investing

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