Shoprite earnings boom after strong festive season, Sixty60 and Petshop Science growth

Shoprite Holdings has reported a strong performance for the six months ended 28 December 2025.

The Group increased sales of merchandise from continuing operations by 7.2% to approximately R136.8 billion, adding R9.2 billion in sales compared to the same period the previous year.

Operating profit was up 3.5% to over R7.6 billion for the six months.

Group revenue rose 7% to R139 billion.

Shoprite declared an interim dividend of 307 cents, up 7.7%.

Supermarkets in South Africa continued to contribute the lion’s share of Group sales (84.3%), increasing sales for the period by 7.1%.

Shoprite says the Checkers Sixty60 delivery service continues to drive sales growth and customer adoption -sales increased by 34.6% to R11.9 billion for the half year.

Group CEO Pieter Engelbrecht highlighted their low internal selling price inflation. This averaged 0.7% for the half year he said, well below Stats SA’s official food and non-alcoholic beverages inflation of 4.7% for the period.

"Together with R9.7 billion in Xtra Savings discounts at till point for customers, this underscores our position regarding lowest prices and affordability as not some afterthought or something that sits at the periphery of our purpose, but rather what we choose to lead with for our customers."

In conversation with Stephen Grootes, Engelbrecht talks about how low inflation, and in particular the Group's deflation on some products helped customers to drive volume in December specifically.

"We managed to grow volume but also customers by 5.6% - that equates to 1.2 million customers a week that we served additionally in the past six months which is a very pleasing result."

"A lot of items, for example potatoes, rice and maize were 40% cheaper than the previous year, so that definitely assisted consumers with relief from the higher cost inflation."

Engelbrecht also remarks on the pet food boom since COVID, and the growth of their Petshop Science brand.

The Group has 173 Petshop Science stores and has now added the service to its Sixty60 delivery platform.

"The stores are doing really well and the public reception to the Sixty60 addition has been great."

To hear more from the Shoprite Group CEO, listen to the interview audio at the top of the article