Shoprite Hldgs Ltd S/Adr (SRGHY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the 2024 results presentation for the 52 weeks ended 30 June 2024. Special welcome to our shareholders, fund managers, the media, and also our employees that are joining on this link. I want to use this opportunity before we go into more of the detail. absolutely are indebted to the people of ShopRite. Team ShopRite has once again defied all odds to deliver an exceptional set of results of which I am extremely proud and words is not enough to thank Team ShopRite. Our presentation will have the same format as usual with the exception that From the overall helicopter view of what happened in the past year, I will continue updating you on where our medium-term thinking is, where our attention will be directed to. And then finally, Anton will unpack the financial detail And we did this order change because I know in the end you are very interested in what the numbers are and what they mean and how to interpret them. For the fund managers, it's important to do your modeling on that. So we thought let's leave you with that. And then we end with the questions if you want clarity on things that we did not cover. It is a fairly comprehensive process. attend from us to cover the entire business in as close as an hour as we can. It is a rather large business to cover so quickly, but we will do our best. In summary, it's again a fantastic performance, outperforming the market on a revenue side almost by double. And it is the fifth year in a row that the ShopRite group have managed to outrun the market. We are not going to bore you with excuses and what went wrong and what is difficult. We all face them, so I will not throughout the presentation refer to load shedding, infrastructure problems, high interest rates, low economic growth, customers struggl...