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Trading statement for the six months ended 2 January 2022
SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Reg. No. 1936/007721/06)
(ISIN: ZAE000012084)
(JSE share code: SHP)
(NSX share code: SRH)
(LuSE share code: SHOPRITE)
("the Group")
TRADING STATEMENT FOR THE SIX MONTHS ENDED 2 JANUARY 2022
In accordance with section 3.4(b) of the JSE Limited Listings Requirements,
Shoprite Holdings Limited advises shareholders that the Group's basic
earnings per share (EPS) and basic headline earnings per share (HEPS) for
the six-month period ended 2 January 2022 for total operations and
continuing operations are expected to increase by more than 20% when
compared with those of the restated six-month period to 27 December 2020.
The restatement of the comparative six-month period is due to the
classification of the Group's Kenyan, Ugandan and Madagascan operations as
discontinued after reporting the interim results for the six-month period
ended 27 December 2020.
Earnings guidance
Shareholders are advised that basic EPS and basic HEPS for the 26 weeks
ended 2 January 2022 are expected to be within the ranges reflected in the
table below.
To facilitate comparison, we have included adjusted basic HEPS which
excludes the after-tax effect of exchange rate differences, profit on lease
modifications and terminations as well as hyperinflation adjustments.
Estimated Restated*
26 weeks 26 weeks Expected
2 Jan 2022 27 Dec 2020 change
cents cents %
Earnings per share including
discontinued operations:
Basic EPS 476.9 to 501.0 402.3 18.5 to 24.5
Basic HEPS 506.9 to 532.7 429.3 18.1 to 24.1
Adjusted basic HEPS** 518.4 to 542.9 407.6 27.2 to 33.2
Earnings per share from
continuing operations:
Basic EPS 471.9 to 495.1 386.1 22.2 to 28.2
Basic HEPS 501.8 to 526.8 416.5 20.5 to 26.5
Adjusted basic HEPS** 519.3 to 543.7 406.4 27.8 to 33.8
* Restated for the classification of the Group's Kenyan, Ugandan and
Madagascan operations as discontinued operations in accordance with
IFRS 5: Non-current Assets Held for Sale and Discontinued Operations.
** The adjusted basic HEPS and continuing operations information provided,
constitutes pro forma financial information in terms of the JSE Limited
Listings Requirements, is the responsibility of the Board of Directors
of the Company, has been prepared for illustrative purposes only and
may not fairly present the Group's financial position.
Shareholders are advised that the financial information on which this
trading statement is based has not been reviewed and reported on by the
Group's external auditors.
As previously announced, the Group will release its interim results
for the six months ended 2 January 2022 on SENS by 08:00 am on Tuesday,
8 March 2022.
14 February 2022
Cape Town
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank
Limited
Enquiries:
Shoprite Holdings Limited Tel: 021 980 4000
Natasha Moolman - Group Investor Relations Manager
Anton de Bruyn - Chief Financial Officer
Pieter Engelbrecht - Chief Executive Officer
Date: 14-02-2022 12:03:00
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