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Key Points
- Shoprite's total sales rose 9.5% in H1 2025, driven by strong performance across Supermarkets RSA, Checkers Sixty60, and LiquorShop.
- Shoprite added 248 South African stores in 2024, expanding brands like Petshop Science and Uniq clothing, bringing its total to 2,485 stores.
- Shoprite acquired full control of Pingo Delivery and plans to sell its furniture division to Pepkor, refocusing on core retail and e-commerce services.
Shoprite Holdings, Africa’s largest retailer and partly owned by South African billionaire Christo Wiese, reported a significant rise in total sales during the first six months of its 2025 fiscal year, surpassing $6.8 billion. The growth reflects strong merchandise sales across its various business segments.
According to its operational update for the six months ending Dec. 29, 2024, merchandise sales—excluding the impact of hyperinflation in Ghana—rose by 9.5 percent. This increase pushed sales from R117.4 billion ($6.23 billion) in the same period last year to R128.6 billion ($6.84 billion), showcasing resilience despite operational restructuring and challenging economic conditions.
Shoprite sales rise across regions
The group’s South African supermarket division, Supermarkets RSA, which accounts for 83.7 percent of total revenue, recorded a 10.4 percent increase in sales, reaching R107.7 billion ($5.7 billion). Same-store sales grew by 6.1 percent, aided by a much lower average internal selling price inflation of 1.9 percent, down sharply from 7.7 percent in the first half of 2024.
Checkers and Checkers Hyper, including its popular on-demand delivery service Checkers Sixty60, posted a strong 13.5 percent sales increase, with Sixty60’s online sales skyrocketing by 47.1 percent. Meanwhile, Shoprite and Usave outlets saw a 6.7 percent sales increase, and LiquorShop sales jumped by 12.2 percent.
Outside of South Africa, the Supermarkets Non-RSA division, contributing 8.6 percent of total revenue, achieved a 4.1 percent sales increase in rand terms. When adjusted for constant currency, sales rose by 17.9 percent. The division also added 10 new stores, bringing its footprint to 269 outlets across nine countries.
In other areas, Shoprite’s “other operating segments,” which include OK Franchise, Medirite Pharmacies, and Red Star Wholesale Catering, posted a 6.2 percent increase in sales to R9.9 billion ($526.2 million). OK Franchise sales grew by 8.8 percent, boosted by 18 new stores, while six Medirite Plus standalone pharmacies were added, bringing the total to 17.
Shoprite adds 248 South African stores
Shoprite operates over 3,500 stores and employs more than 150,000 people across Africa, solidifying its status as the continent's retail leader. Christo Wiese, who played a key role in Shoprite’s rise expansion, remains a key shareholder with a 10.67 percent stake—equal to 63.1 million shares.
In South Africa, Shoprite added 248 stores in the past year, increasing its footprint to 2,485 locations. This expansion includes specialized formats like Petshop Science (53 new stores), Checkers Outdoor (11), and Uniq clothing (11), showcasing the group’s efforts to cater to diverse customer needs.
The company also took a significant step in strengthening its e-commerce and delivery services by acquiring the remaining 50 percent stake in Pingo Delivery, its logistics arm. For the first time, delivery income has been included in merchandise sales, and subscription revenue from the Xtra Savings Plus program has been reclassified. These changes reflect Shoprite’s push to modernize its operations and improve convenience for customers.
In another key development, Shoprite reached an agreement to sell its furniture division, which includes OK Furniture and House & Home, to Pepkor Holdings Ltd., pending regulatory approval. This move signals the group’s focus on its core retail business, with the furniture segment now categorized as discontinued operations.
