Shoprite anticipates 10% earnings growth for the year ended June 2026, driven by rapid expansion in both grocery stores and new ventures.<\/p>\n\n\n\n
In an operational update ahead of its full-year report, the retail giant reported a 7.2% increase in total sales volume for the 12 months ended 28 June 2026, compared with the same period a year ago.<\/p>\n\n\n\n
This sales volume was largely driven by its South African supermarket operations, which recorded an increase of 15.2%<\/p>\n\n\n\n
Shoprite said that its South African supermarkets are the core of its operations, and contribute approximately 84.5% to total group sales.<\/p>\n\n\n\n
The business expanded its footprint across the country, opening 262 new stores in South Africa, bringing its total number of outlets to 2,839.<\/p>\n\n\n\n
The group noted that its internal selling price inflation rate was 0.8% in its South African stores, considerably below South Africa’s current inflation rate.<\/p>\n\n\n\n
It said that these numbers show the business’s focus on supporting affordability for South Africans, and that like-for-like sales increased by 2%.<\/p>\n\n\n\n
For the Checkers and CheckersLiquorShop operations, year-on-year sales grew by 10%, while internal selling inflation reached 2%.<\/p>\n\n\n\n
This business segment contributed 72 new stores to the group: 30 Checkers, 2 Checkers Hyper, and 40 Checkers LiquorShop.<\/p>\n\n\n\n
Adjacent businesses and newly added ventures also saw significant growth in the last 12 months.<\/p>\n\n\n\n
New store formats such as Uniq Clothing, Petshop Science, Checkers Outdoor and Little Me increased sales by 57.3%.<\/p>\n\n\n\n
The company’s pet store brand, Petshop Science, expanded its footprint by 41 stores, bringing its total to 185 outlets.<\/p>\n\n\n\n
Checkers Outdoor opened three new stores, and Uniq Clothing added 13 branches to its existing network.<\/p>\n\n\n\n
An outlier, the baby-focused Little Me saw its footprint shrink by three locations. The group noted that this is in line with its strategy to align the brand with Checkers Hyper.<\/p>\n\n\n\n
The sales growth and rapid expansion have led the business to forecast an increase in its earnings per share.<\/p>\n\n\n\n
This includes an increase of between 9.7% and 14.7% in its headline earnings per share (HEPS), and the same estimated increase in its diluted HEPS.<\/p>\n\n\n\n
This will result in the company’s HEPS being approximately R14.98 to R15.67, increasing from its June 2025 HEPS of R13.66.<\/p>\n\n\n\n
Outside its physical operations, Shoprite saw impressive growth in its Checkers Sixty60 operations, which reported 34.5% year-on-year sales growth.<\/p>\n\n\n\n
The company’s grocery delivery service totalled roughly R25.5 billion in sales volume for the year, making it a major contributor to the company’s overall success.<\/p>\n\n\n\n
Shoprite is expected to release its comprehensive financial results for the year ended 28 June before 1 September 2026.<\/p>\n\n\n\n
| Brand<\/th> | 2026 Store changes<\/th><\/tr><\/thead> | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shoprite<\/td> | +32<\/td><\/tr> | ||||||||||||||||||||
| Usave<\/td> | +51<\/td><\/tr> | ||||||||||||||||||||
| Shoprite LiquorShop<\/td> | +53<\/td><\/tr> | ||||||||||||||||||||
| Checkers<\/td> | +30<\/td><\/tr> | ||||||||||||||||||||
| Checkers Hyper<\/td> | +2<\/td><\/tr> | ||||||||||||||||||||
| Checkers LiquorShop<\/td> | +40<\/td><\/tr> | ||||||||||||||||||||
| Petshop Science<\/td> | +41<\/td><\/tr> | ||||||||||||||||||||
| Checkers Outdoor<\/td> | +3<\/td><\/tr> | ||||||||||||||||||||
| Uniq Clothing<\/td> | +13<\/td><\/tr> | ||||||||||||||||||||
| Little Me<\/td> | -3<\/td><\/tr> | ||||||||||||||||||||
Net change<\/strong><\/td>| +262<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n | Earnings Guidance<\/h2>\n\n\n\n
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