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  • Finweek - English

    Simon’s stock tips

    Sep 29, 2021 5 minutes
    By Simon Brown

    SHOPRITE

    Stellar results

    hoprite published its financial results for the 53 weeks ending 4 July on 7 September and they were outstanding. Revenue increased 8.1%, headline earnings per share (HEPS) came in 20.3% higher and the dividend was up 42%. This as the rest of Africa returned to a profit, adding R307m after only generating R2m in 2020 and a loss for the 2019 financial year. Their trading margin was 6.1%, which is the best I can find for any large food retailer in the world, with most very happy to hit a 3% trading margin. A note here: I usually use operating margin, which includes exchange rate gains or losses and profit on lease changes or cancellations. It excludes “items of a capital nature”, which are impairments, and hyperinflation losses in

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