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Shoprite points to strong store growth and job creation in South Africa.

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Shoprite on Tuesday (6 September) published its annual financial results showing a 9.6% increase in group sales – equating to an additional R16 billion spent by customers over the period, compared to 2021 which included an additional week of trade.
The results, from continuing operations, for the financial year under review are for a 52-week period compared to 53 weeks in the previous financial year.
Group trading profit increased by 6.8% to R11.0 billion, and as a result, the trading margin measured 6% (2021: 6.1%). On a 52-week basis, group trading profit increased by 10.3%.
Supermarkets RSA’s trading profit increased by 7% to measure R10.1 billion (2021: R9.4 billion). The segment’s 6.8% trading margin compares to a 7.0% trading margin in the prior 53-week year, it said.
Shoprite said it created 4,316 new jobs in South Africa during the year.
6 Sep 2022 5AM English South Africa Business News · Investing

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