Shoprite Holdings – Africa’s largest grocer – on Tuesday delivered another robust full-year performance, with double-digit growth in headline earnings and dividends for the year ended 3 July 2022. The group’s liquor, Usave and upper market Checkers chains were the stellar performers, boasting sales growth of 44.5%, 11.4% and 9.1%, respectively.
SA’s largest grocers try to shield consumers from rising food prices “Despite having two large format Checkers Hypers still closed due to the July 2021 social unrest, our Checkers and Checkers Hyper supermarket business, which makes up 39.8% of our core RSA segment, increased sales by 9.1%,” it notes. The strong overall sales growth saw Shoprite group increasing its market share for FY2022.