Strong update from Shoprite Sales +9.3% .. internal inflation +3.3% 47 Stores remain closed after July riots (2,074 total stores in SA) .. 17 will open June 2022, 24 will take longer and 6 have been closed .. #JSE
SHP SRH Operational update for the quarter ended September 2021 bit.ly/3kBEUIz
Shoprite update Q to Sept. Very good turnover up 11.6% in SA supermarkets including liquor. No adjustment made for unrest.
Shoprite Group’s sales in the first quarter of its financial year were up 9.3%. The group is winning market share thanks to its low cost offerings - price increases have been kept below inflation on average. Damages from the KZN/Gauteng riots: R1.3 billion.
Checkers launches deals onto its Sixty60 home delivery app supermarket.co.za/news-article.a… via @supermarketmag @CheckersSA #sixty60
Shoprite’s logistics expertise, general merchandise competence and what it has learnt from pandemic online delivery at Sixty60 could see it have a full go at Takealot?
$JSESHP Morgan Stanley calling Shoprite horribly wrong, a stellar performance by SHP, don't underestimate the next 24m as they integrate Massmart's assets.
$JSESHP SA portfolio grows well ahead of market with margins nearing that of Woolworths Food
Visits to stores declined 3.8%, while the average basket spend climbed 13.6%. @Shoprite_SA #Moneyweb #Retail #Companyresults ow.ly/jpWE50G5g0u
moneyweb.co.za
Shoprite profit gains as grocery shoppers spend more per visit
Despite drop in customer numbers.
And the Shoprite operating margin is 5.6% .. this is world class Walmart 3.1% Sainsbury 3.4% Kroger 2% Pick n Pay 2.9% Spar 2.7% #JSE
Shoprite has a gross profit margin of 24.5 percent. Kroger, one of the largest supermarket groups in the world with sales of $132 billion, last had a gross profit margin of 24 percent in 2006.
The R20m CFD long position in SHP that Pieter Engelbrecht entered in April 2019 at an ave level of R176,07 went into the black for the first time at yesterday's close. “Patience is bitter, but its fruit is sweet.” ― Aristotle
SHP SRH Trading statement for the 53 weeks ended 4 July 2021 bit.ly/3sEpeqx
Shoprite's acquisition price of Massmart's food outlets is a gross figure before creditor funding. Net figure will be minimal after creditor build-up. Should easily slot into SHP's distribution systems & at SHP's margins should add nicely to profits.
Meet ShopriteX | Digital innovation hub for the Shoprite Group youtu.be/15aSCJ9pBaI
$JSESHP Shoprite - Bullish breakout from ascending triangle on daily chart targets 175 & 185
My Beeld-artikel vandag, Saterdag 31 Julie. Die Polisiemag het sy mag verloor. Hoe werk ’n staat sonder ‘swaardmag’? - netwerk24.com/Stemme/Menings… @Netwerk24
Shoprite re-opens Jabulani store in record time supermarket.co.za/news-article.a… via @supermarketmag @Shoprite_SA
The Shoprite Group gives assurance on stock levels supermarket.co.za/news-article.a… via @supermarketmag @Shoprite_SA
Final day of the FNB MTB cycle tour. Awesome 4 days on the bike. Thank you @FNBSA and all our sponsors. @DSV_ZA @USNSA @CCMerchBPO @Citibank
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