Shoprite stock fell 2.21 percent on October 2
Published on 10/04/2026 at 22:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Shoprite stock was last at ZAc 31,159 on the Johannesburg Stock Exchange on October 2, 2026 at 5:00 p.m. SAST, down 2.21 percent from the prior session. The move came after the retailer's FY2026 results showed merchandise sales of ZAR 270.8 billion, up 7.2 percent year over year.
Profit growth outpaced sales
According to Risij News on September 18, 2026, Shoprite's FY2026 trading profit increased 8.4 percent to ZAR 16.2 billion. Headline earnings per share rose 12.2 percent to 1,527.4 cents, a faster rate than merchandise sales growth.
The earnings mix also showed where the group is building momentum. Checkers sales increased 10 percent to ZAR 105.2 billion, while the Sixty60 delivery platform grew sales 34.7 percent to ZAR 25.5 billion across 997 stores, according to Risij News.
Analysts lift the valuation bar
According to Simply Wall St, the average price target increased 7.1 percent to ZAR 356 from ZAR 333 on September 7, 2026. The target came from eight analysts and stood 13 percent above the last closing price of ZAR 314 cited by the publisher.
The broader consensus remained constructive, with eight Buy ratings, zero Hold ratings and zero Sell ratings in the three-month survey reported by Investing.com on September 18, 2026. The highest published target was ZAR 370, while the lowest was ZAR 327, giving investors a defined valuation spread rather than a single-point forecast.
Stock remains below yearly high
The October 2 market reading placed Shoprite stock between its ZAc 25,259 52-week low and ZAc 32,572 52-week high. Volume reached 1,461,380 shares, while the session ranged from ZAc 31,131 to ZAc 31,989.
That range leaves the stock below its yearly high even as the latest operating figures show faster profit growth than sales growth. The key test for the valuation is whether Checkers and Sixty60 can keep expanding without eroding the group's value-led position.
Shoprite stock closes the week lower
Shoprite stock was last at ZAc 31,159 on October 2, 2026, after falling 2.21 percent in the session. The Johannesburg Stock Exchange listing remains the reference market for the company.
Shoprite stock at a glance
- Company: Shoprite Holdings Limited
- Ticker: SHP.JO
- Trading venue: Johannesburg Stock Exchange
- Price as of October 2, 2026, 5:00 p.m. SAST: ZAc 31,159
- 52-week range: ZAc 25,259-ZAc 32,572
- Sector / Industry: Consumer Staples / Consumer Retailing
