JOHHANESBURG, Feb 2 – Shoprite Holdings, South Africa’s largest grocery retailer, expects to report an increase of up to 10.2% in half-year profit after delivering solid sales growth in a challenging consumer environment.
The retailer said on Monday that headline earnings per share from continuing operations are expected to rise between 5.2% and 10.2% for the six months ended December 28, compared with a restated 659.8 cents in the prior period.
The earnings outlook follows a 7.2% increase in sales over the period, reflecting resilient demand across Shoprite’s portfolio, which spans both value-focused and premium food offerings. The group operates multiple retail formats across South Africa and other African markets, serving a broad consumer base amid ongoing cost-of-living pressures.
Shoprite’s update signals continued operational strength as food retailers navigate inflationary pressures, shifting consumer spending patterns, and competitive pricing dynamics across the region.
