Checkers is printing money with Sixty60

An analysis by Daily Investor revealed that Checkers Sixty60 generates billions in revenue, beating most of the largest e-commerce players in South Africa.

Since launching in 2019, Shoprite’s Checkers Sixty60 on-demand grocery delivery service has shown exceptional growth and generates an estimated R10 billion annually.

This growth was primarily driven by the company’s core South African supermarket segment, which saw a 14.6% increase in sales to R97.5 billion. However, Shoprite has been tight-lipped about Checkers Sixty60’s financial performance. It has never released revenue or profit numbers. It is available at 505 locations, has provided 9,903 jobs and its sales have increased over tenfold since the first half of 2021.

First, we looked at Shoprite’s consolidated sale of merchandise in the 2023 financial year, which was R214.96 billion. In terms of this agreement, RTT’s on-demand business was transferred into a new company, Pingo Delivery, in which Shoprite Checkers Ltd has a 50% shareholding.Dividing this revenue by R35 – the amount Checkers Sixty60 charges for deliveries – means Pingo makes around 28.4 million deliveries.

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