Shoprite Holdings Ltd Reports Earnings Results for the Half Year Ended December 31, 2023

Shoprite Holdings specializes in retailing. Net sales break down by distribution network as follows: - supermarkets (88.9%): distribution of clothes, food, cosmetic and consumer products. At the end of June 2021, the group has 1,966 supermarkets (Shoprite, Checkers, Checkers Hyper, Usave and LiquorShop) located mainly in South Africa (1,726); - specialized stores (4%): distribution of furniture, household equipment and consumer electronic devices through 426 stores (OK Furniture and House & Home names); - other (7.1%): including franchise stores operation (513 stores under OK Foods, OK MiniMark and OK Express names). Net sales are distributed geographically as follows: South Africa (89%) and Africa (11%).