The Outlier has produced an excellent analysis of Shoprite and Pick n Pay’s performance over the past 20 years.
produced an excellent analysis of Shoprite and Pick n Pay’s performance over the past 20 years, which revealed how Shoprite has outperformed its closest rival.
Summers is a Pick n Pay stalwart who worked for the company from 1974 to 2007. He became managing director in 1996 and CEO in 1999.During Summers’ tenure as CEO, he achieved an average annual revenue growth rate of 16% annually. Under Boone, Pick n Pay achieved an average annual revenue growth rate of 6.1%. Over the same period, Shoprite achieved an average annual revenue growth rate of 11.5%.Boone achieved an average annual net income growth rate of 0.95% compared to the average net income growth rate at Shoprite of 22% over the same period.
In 2007, Shoprite and Pick n Pay were on par in almost every respect: They had roughly the same revenue and employed the same number of people — around 60,000.Just over a decade later, things are very different. Shoprite started pulling ahead of Pick n Pay in 2008.Shoprite reigned supreme in the number of stores, revenue, employees and even African footprint, making it the biggest supermarket chain in Africa.
Between 2014 and 2023, the number of stores — including franchises — increased from 1,581 to 3,543. At the same time, Pick n Pay went from 1,128 to 2,204 stores.In 2023, Shoprite employed 153,726 employees, more than 60,000 more than Pick n Pay. It’s difficult to get exact numbers on home deliveries and app downloads. However, Checkers Sixty60 seems to be ahead with its service covering 505 locations versus Pick n Pay’s 400.
Checkers Sixty60 Headline Pick N Pay Pick N Pay Asap! Pieter Boone Pieter Engelbrecht Sean Summers Shoprite Investing
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