Shoprite stock gains 0.87 percent on October 7

Shoprite stock (ISIN ZAE000012043) gained 0.87 percent to ZAc 32,100 on the Johannesburg Stock Exchange on October 7, 2026, from a prior close of ZAc 31,822. The price report follows fiscal 2026 results that showed sales growth and higher trading profit.

Fiscal sales reached ZAR 270.8 billion

Jamaica Gleaner reported on September 11, 2026, that Shoprite increased merchandise sales from continuing operations by 7.2 percent to ZAR 270.8 billion for the fiscal year ended June 2026. Trading profit rose 8.4 percent to ZAR 16.2 billion, while diluted headline earnings per share increased 12.2 percent.

The operating picture is important because profit growth exceeded sales growth in the reported year. Shoprite also kept internal selling price inflation at 0.8 percent in its core Supermarkets South Africa segment, according to the same fiscal-year coverage by Jamaica Gleaner.

Analysts set a ZAR 358.13 target

Consensus data published by Investing.com show a Strong Buy rating based on 8 analysts. The average 12-month target is ZAR 358.13, with a low of ZAR 327.00 and a high of ZAR 370.00.

The target range places earnings execution against valuation rather than sales momentum alone. The company describes its core platform as food retail and wholesale operations across Africa, with supply-chain scale and digital services supporting its investment case in its investor information.

Shoprite stock stays below its yearly high

Shoprite stock was last at ZAc 32,100 on October 7, 2026, with a 52-week range of ZAc 25,259 to ZAc 32,572. The latest price is therefore ZAc 472 below the yearly high, while the 2,139,961-share volume shows active trading during the session.

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