Shoprite Moves in the Right Direction

By Louis Schoeman • | Updated: Jun 10, 2026 • 👤 12 years forex trading | FSCA financial educator • Methodology • Advertising Disclosure

The day of 30 July 2026 dawned with excellent news for the management and shareholders of Shoprite. The company (listed as Shoprite Holdings Limited) issued an operational update for the 52 weeks ended 30 June 2026 on SENS, the Stock Exchange News Service of the JSE (the Johannesburg Stock Exchange). Usually, SENS announcements have a direct impact on the movement of a company’s shares on the stock exchange.

Some of the good news disclosed in the SENS announcement

Sixty60 on its way to 60 percent

The Checkers Sixty60 on-demand platform of the group is within touching distance of the 60 percent milepost, with the announcement of a 58.1% increase in sales for the given period. This performance indicates that the 1-hour delivery service continues to dominate the South African market. The performance of Sixty60 is proof that the claim made by Neil Schreuder (Shoprite and Checkers chief on innovation and strategy) with the launch of the platform in November 2019 was not empty words: ‘Sicty60 will offer unrivalled convenience because it does all the hard work for you.’ Side remark: The supermarket group added more woema to its Sixty60 project in May 2026, announcing that the delivery service acquired a new fleet of Hyper delivery vans, making it possible to deliver products, appliances, and equipment such as baby products, toys, home electronics, pool equipment and gardening tools, to name a few.

Rise in sales

Total sales

Continuing operations provided growth of 12 percent in annual merchandise sales, amounting to ‘approximately R240.7 billion, including The Ghana hyperinflation impact.’ When hyperinflation is excluded, merchandise sales are R240.8 billion, also an increase of 12 percent.

Side remark: In a statement on February 8, 2026, Forvis Mazars mentioned that the International Practices Task Force (IPTF) determined that Ghana with 3-year cumulative inflation of 128% is ‘hyperinflationary.’

The annual inflation for 2022 for Ghana was 54% but decreased to an annual inflation rate of 31% for 2023. The expectation is that the country’s inflation will ‘normalise to approximately 15% during 2026,’ according to Forvis Mazars.

Supermarkets RSA

Sales from Supermarkets RSA, the group’s core business, consisting, among others, of Shoprite, Checkers, Checkers Hyper, Shoprite Usave, and Super Cash & Carry, amounted to R173.6 billion (growth of 12.3%), contributing 81 percent of the group’s sales. (Growth in sales was 17.8 percent for the previous financial year.) Regarding stores acquired from Massmart Holdings Ltd (“Massmart”), the group mentioned in the update that sales growth included the stores acquired and were ‘reported against a base in which they were not included’ for the six months ended 31 December 2023. Sales growth of 10.1% for the period January 2026 - June 2026 was accomplished with the acquired and rebranded stores (including 51 Shoprite, 1 Usave, and 41 Shoprite LiquorShop stores) which were included in the group’s previous year base. Like-for-like sales growth for the given period measured 6.3%, taking into consideration that the stores acquired from Massmart were included in like-for-like sales only for the period of January 2026 - June 2026. Sales growth for the following supermarkets in the group:

Checkers and Checkers Hyper: 12.3%

Shoprite and Usave: 10.7%

LiquorShop: 20%

Supermarkets Non-RSA

Supermarkets Non-RSA are situated in nine African countries, including, inter alia, Botswana, Lesotho, Namibia, Eswatini, and Ghana. The sales of this segment increased by 6.1% (excluding hyperinflation) to R19.6 billion, contributing 8.6% to group sales.

Furniture segment

Furniture sales contributed 3.0% to group sales with a 2.3% increase in sales. The total sales for this segment amounted to R7.1 billion for the 52 weeks ended 30 June 2026.

Other operating segments

Other operating segments (OK Franchise, Transpharm, Medirite, Red Star Wholesale Catering Services, and Computicket) achieved a sales growth of 21.1%, representing 7.4% of group sales. The OK Franchise business experienced a sales growth of 23.8%. The total contribution to the sales of the group from these segments was R14.6 billion. Shoprite Moves in the Right Direction

New Stores opened

Supermarkets RSA

As of the end of June 2026, the total number of stores was 2 322, following the opening of 201 new stores during the given period. New stores opened in the previous financial year were 301, including the stores acquired from Massmart. The new openings are as follows:

Shoprite - 20

Usave - 22

Checkers - 25

LiquorShop - 71

Petshop Science - 33

Checkers Outdoor - 14

UNIQ clothing - 13

Little Me – 3

Supermarkets Non-RSA

The stores in this segment increased by a net of 15 stores, increasing the number of stores in other African countries to 266.

Furniture segment

Contrary to other segments in the group, the stores in the furniture segment decreased by a net of four stores to 430 stores at the end of June 2026.

Other operating segments

OK Franchise A net of 73 stores (22 stores in 2023) opened, ending the year with 608 stores. Medirite Plus Seven standalone drug stores were opened, closing the year with 13 stores in this new format. The update mentioned that the 126 Medirite in-store pharmacies located within ‘our core South African supermarket business’ are not included here.

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Energy costs

The cost of diesel for generators during load shedding amounted to R754 million for the financial year. (First half of the year R500 million, second half period R254 million.) Regarding its energy costs, the group issued the following caution: ‘This decrease in diesel costs should be considered in light of a commensurate increase in electricity usage. As a result, we anticipate the percentage increase in the Group’s water and electricity expense for the year should be mid to low single digits.’