Announcing an increase of 20.1% in diluted headline earnings per share to 952.5c for the year, CEO Pieter Engelbrecht said on Tuesday the group had increased sales of merchandise by 8.1%.
On the downside, the group disclosed that significant damage was caused to 231 of its stores during July’s civil unrest in KwaZulu-Natal and Gauteng. As at August 22, the group said 83 stores remained closed.
On the upside, its Checkers supermarket chain increased sales of merchandise by 10.9%, boosted by itsSixty60 app, the on-demand grocery delivery service, which “has outperformed all initial estimates”, it said. The Shoprite and Usave brands collectively increased sales by 8.8%, with accelerated growth experienced during the second half of the year achieved on the back of the launch of the Shoprite rewards card with 12.7-million sign-ups since the launch.
“However, from an IT perspective, with the adoption of our single system of record a few years ago, the team has become increasingly collaborative and innovative. This way of working influences our daily decisions across the business and plays an increasing role in our ongoing success.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New North West premier Bushy Maape promises service delivery, job creationAddressing the legislature following his election, North West premier Bushy Maape promised he will not disappoint in his duties.
Read more »
New Covid-19 variant spread slower in SA in August than in JulyThis could indicate it is unlikely to become dominant in the ways previous mutations such as the Beta and Delta variants have become
Read more »
New Covid-19 variant spread slower in SA in August than in JulyThis could indicate it is unlikely to become dominant in the ways previous mutations such as the Beta and Delta variants have become
Read more »
Innovation, digital platforms help Shoprite gain market shareGrocery retailer achieves record sales in year to end-June
Read more »
Global shares hit longest winning streak in three months on interest rate prospectsStoxx index rises, while MSCI’s broadest index of Asia-Pacific shares outside Japan highest since July
Read more »
Mchunu to assess water provision and sanitation in LimpopoThe visit would entail discussions on matters of governance, implementation, service delivery and finance.
Read more »