Shoprite Holdings Limited (SRHGF)
OTHER OTC:SRHGF
Earnings Data
Report Date
Sep 08, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.39Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: solid sales growth (7.2%), strong cash generation (ZAR 13.3 billion), improved ROIC (>19%), resilient gross margins and a healthy RSA supermarket trading margin (6.2%), continued market-share gains, rapid digital/Sixty60 growth and meaningful shareholder returns (dividend up 7.7%). Key challenges highlighted were concentrated outside South Africa — operational disruptions in Mozambique and currency/import constraints in the non-RSA footprint — plus margin pressure from the accounting reclassification of Sixty60 delivery costs into cost of sales, higher IFRS 16 finance charges and rising utilities. Management signalled control over cost growth (6.6%) and plans to moderate CapEx, and provided guidance expecting full-year gross margin around 23.9%–24.2% and a realistic H2 trading margin in the 5.7%–5.9% range. Overall, the positive operational momentum and strong cash/returns profile outweigh the regional and accounting-related headwinds.Company Guidance
Solid Top-Line Growth
Group sales grew 7.2% year-on-year to almost ZAR 137 billion for H1, adding ZAR 9.2 billion in sales over the prior period; like-for-like sales growth was 2.7%.
Strong Trading Profit and Margins
Trading profit increased 5.9% to ZAR 7.7 billion and the Group trading margin was 5.7% for H1; RSA Supermarkets achieved an industry-leading trading margin of 6.2%.
Gross Profit and Gross Margin Resilience
Gross profit rose 7.1%, with overall gross margin for the six months reported at 23.8%; RSA Supermarkets gross margin was 25.3%.
Improved Capital Returns and Shareholder Returns
Adjusted ROIC improved from 17% to over 19%; diluted headline earnings per share from continued operations grew ~7.9% and the dividend was increased 7.7% to ZAR 3.07 per share.
Strong Cash Generation & Working Capital
Cash generated from core operations was ZAR 13.3 billion for H1; a positive working capital movement of ZAR 5.4 billion (ZAR 4.3 billion related to cut-off creditor payments) and inventory-to-sales in stores remained below 9%.
Successful Store Expansion and Space Growth
Opened 273 new stores in the last 12 months (262 in RSA supermarkets); space growth of 7.3% (above prior guidance) with plans to open ~123 stores in H2 and target full-year space growth returning to ~5.5–6%.
Digital & Omnichannel Momentum (Sixty60)
Sixty60 (instant delivery) grew ~34.6% to around ZAR 11.9 billion turnover; platform has driven rapid development (900+ software releases annually) and contributed materially to omnichannel progress and job creation (c.18,000 jobs since inception, ~10,000 drivers).
Adjacent Businesses and New Channels Performing
Adjacent businesses grew 70.9% to nearly ZAR 1 billion in H1, with Petshop Science performing strongly (45 of 53 new adjacent stores were Petshop); Medirite & Transpharm grew 7.9%.
Market Share Gains and Customer Metrics
Group gained market share for the sixth consecutive year (approx. ZAR 3 billion of additional market share); 572 million customer visits (up >5%), serving 100+ million customers per month and adding c.1.2 million additional customers per week.
Affordable-Price Social Impact Initiatives
Significant consumer value initiatives: ZAR 9.7 billion of instant cash savings at till in H1, 9.5 million items sold at ZAR 1, and 55.6 million items sold at ZAR 5, supporting low-income consumers.
SRHGF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SRHGF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 03, 2026 | $14.54 | $14.54 | 0.00% |
Sep 02, 2025 | $13.26 | $13.26 | 0.00% |
Mar 04, 2025 | $14.74 | $14.21 | -3.64% |
Sep 03, 2024 | $16.96 | $16.11 | -5.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Shoprite Holdings Limited (SRHGF) report earnings?
Shoprite Holdings Limited (SRHGF) is schdueled to report earning on Sep 08, 2026, TBA (Confirmed).
What is Shoprite Holdings Limited (SRHGF) earnings time?
Shoprite Holdings Limited (SRHGF) earnings time is at Sep 08, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is SRHGF EPS forecast?
Currently, no data Available