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Last week on Stock Spotlight 🔦

Shoprite Holdings Limited

• Group's sales +13.2% for the first quarter of September 2023.

• Sales growth by operating segment:

  • Supermarkets RSA: +13.3%.

  • Supermarkets Non-RSA: +9.7%.

  • Furniture: +0.5%.

  • Other operating segments: +22.2%.

• Market share increased by 124 basis points over the corresponding period last year, marking 55 months of continuous market share gains.

Woolworths Holdings Limited

• Total Group turnover and concession sales -22.4% (including the contribution of David Jones in the prior period).

• Disruptions in South Africa, including a taxi strike, port congestion, and Avian flu impact on product availability.

MultiChoice Group Limited

• Revenue -1%.

• Free cash flow -40%.

• EPS and HEPS fell by more than 100%.

Stor-Age Property REIT Limited

• Property revenue +16.9%.

• Same-store rental income +13.6% SA and +3.1% UK.