Shoprite Sales Rise 7.2% to R270.8 Billion
The South African grocer lifted its dividend 11.8 percent and opened 348 stores in the 52 weeks to 28 June 2026.
Updated on Nov. 4, 2026 in Economic Indicators
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Shoprite Holdings lifted sales 7.2 percent to R270.8 billion in its 2026 financial year, the 52 weeks to 28 June 2026. The group raised its dividend 11.8 percent to 873 cents a share and opened 348 stores during the period.
Why it matters
The results show a major South African retailer growing sales and profit while expanding its store network across the continent. Slower job creation, with 5,491 direct new jobs against 8,723 the year before, points to a narrower labour impact even as the business grows.
The figures come from Shoprite's audited annual results, which show sales of R270.8 billion, up 7.2 percent, and diluted headline earnings per share up 12.2 percent to 1,527.4 cents. Direct job creation fell 37 percent to 5,491 from 8,723, and the source does not explain the drop.
The players
Shoprite Holdings
Shoprite Holdings is one of Africa's largest food retailers, operating supermarkets and other chains across the continent.
Checkers Sixty60
Checkers Sixty60 is Shoprite's fast-delivery grocery service, which operated from 328 stores during the period.
The details
Growth came from core South African supermarkets, where Shoprite opened 268 stores, and from Checkers Sixty60, which operated from 328 stores, up from 287. Petshop Science reached 185 stores and grew sales 74.5 percent, and the group approved the acquisition of R&A Cellular. The group now operates 3,710 stores across eight African countries and employs 174,430 people.
Timeline
28 June 2026: The 52-week financial year ended.
October 2026: Shoprite published its financial report.
Market Landscape
Shoprite's sales growth of 7.2 percent and 348 new stores continue its expansion in a market where it competes for shoppers through formats such as Checkers Sixty60. The slowdown in direct job creation, from 8,723 to 5,491, marks a departure from the hiring pace of the previous year.
For shoppers, the expansion of stores and the Sixty60 delivery service means more places and faster ways to buy groceries. The 11.8 percent dividend increase benefits shareholders, while the sharp drop in new direct jobs means fewer new openings for job seekers.
The takeaway
Shoprite's results show that growth in sales and stores does not automatically translate into large numbers of new jobs. Shoppers and job seekers alike should watch how the group balances expansion with hiring in the year ahead.
Further reading
For context on the wider economy, see Economic Indicators in South Africa.
Source note: This article includes information reported by Jamaica Gleaner.
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