Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

South African (JSE) Food and Staples Retail Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies8
  • 7D-0.2%
  • 3M-3.1%
  • 1Y-9.8%
  • YTD-8.4%

The Food and Staples Retail industry has stayed flat over the last week. Unfortunately though, the industry is down 11% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

Has the South African Food and Staples Retail Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025R464.7bR898.2bR22.3b22.1x20.9x0.5x
Fri, 21 Nov 2025R482.4bR918.0bR23.0b20.4x21x0.5x
Sun, 19 Oct 2025R498.4bR912.4bR22.4b21x22.3x0.5x
Tue, 16 Sep 2025R494.1bR909.7bR22.3b21.1x22.1x0.5x
Thu, 14 Aug 2025R492.8bR903.4bR21.6b21.2x22.8x0.5x
Sat, 12 Jul 2025R494.5bR903.4bR21.6b21.8x22.9x0.5x
Mon, 09 Jun 2025R501.0bR903.4bR21.6b21.1x23.2x0.6x
Wed, 07 May 2025R508.7bR897.6bR18.9b22.2x26.9x0.6x
Fri, 04 Apr 2025R460.0bR896.2bR18.8b19.8x24.5x0.5x
Sun, 02 Mar 2025R490.7bR885.0bR18.4b21.3x26.6x0.6x
Tue, 28 Jan 2025R503.6bR880.8bR18.5b20.7x27.2x0.6x
Thu, 26 Dec 2024R517.2bR880.8bR18.5b20.5x27.9x0.6x
Sat, 23 Nov 2024R494.7bR844.6bR15.8b27.6x31.3x0.6x
Mon, 21 Oct 2024R454.0bR723.6bR19.0b28x23.9x0.6x
Wed, 18 Sep 2024R462.4bR723.6bR19.0b28x24.3x0.6x
Fri, 16 Aug 2024R449.6bR705.2bR18.4b28.1x24.5x0.6x
Sun, 14 Jul 2024R436.8bR705.2bR18.4b26.9x23.8x0.6x
Tue, 11 Jun 2024R399.8bR699.5bR18.4b23.8x21.7x0.6x
Thu, 09 May 2024R420.0bR809.0bR18.5b27.2x22.8x0.5x
Sat, 06 Apr 2024R412.3bR807.2bR18.3b27.8x22.5x0.5x
Mon, 04 Mar 2024R419.0bR792.4bR18.2b28.3x23x0.5x
Wed, 31 Jan 2024R443.5bR848.7bR15.9b28.3x28x0.5x
Fri, 29 Dec 2023R442.8bR848.7bR15.9b28.8x27.9x0.5x
Sun, 26 Nov 2023R427.2bR840.3bR17.3b22.4x24.7x0.5x
Tue, 24 Oct 2023R392.5bR832.4bR18.4b19.6x21.3x0.5x
Thu, 21 Sep 2023R415.2bR832.4bR18.4b20.6x22.5x0.5x
Sat, 19 Aug 2023R408.8bR787.7bR17.4b20x23.6x0.5x
Mon, 17 Jul 2023R409.2bR787.7bR17.4b20.7x23.6x0.5x
Wed, 14 Jun 2023R405.7bR782.4bR17.7b19.8x22.9x0.5x
Fri, 12 May 2023R380.5bR781.5bR17.7b17.4x21.4x0.5x
Sun, 09 Apr 2023R407.5bR772.7bR18.0b19.6x22.7x0.5x
Tue, 07 Mar 2023R413.6bR757.4bR17.4b21.4x23.7x0.5x
Thu, 02 Feb 2023R415.2bR737.3bR16.4b22.1x25.3x0.6x
Sat, 31 Dec 2022R388.8bR737.3bR16.4b21.5x23.7x0.5x
Price to Earnings Ratio

23.7x


Total Market Cap: R388.8bTotal Earnings: R16.4bTotal Revenue: R737.3bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food and Staples Retail Industry Price to Earnings3Y Average 24.1x202320242025
Current Industry PE
  • Investors are pessimistic on the South African Consumer Retailing industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.7x which is lower than its 3-year average PE of 24.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.55x.
Past Earnings Growth
  • The earnings for companies in the Consumer Retailing industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 6.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the South African Consumer Staples industry?

ZA Market3.47%
Consumer Staples0.33%
Food and Staples Retail-0.17%
Food Distributors0.91%
Big Box Super Stores0%0
Food Retail-0.20%
Drug Retail-1.66%
Industry PE
  • Investors are most optimistic about the Drug Retail industry even though it's trading below its 3-year average PE ratio of 27.5x.
    • Analysts are expecting annual earnings growth of 9.8%, which is lower than the prior year's growth of 15.2% per year.
  • Investors are most pessimistic about the Food Distributors industry, which is trading below its 3-year average of 19.7x.
Forecasted Growth
  • Analysts are most optimistic on the Food Retail industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 1.9% per year.
  • In contrast, the Drug Retail industry is expected to see its earnings grow by 9.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BID BidR417.020.9%
+R1.3b		-4.8%PE17.1x
SHP Shoprite HoldingsR268.310.4%
+R648.6m		-11.2%PE19.6x
SPP SPAR GroupR93.930.9%
+R156.0m		-37.7%PE22.1x

Latest News

SPP
R93.93
SPAR Group
7D
0.9%
1Y
-37.7%

SPP: Earnings Reset Will Define Risk Profile Amid Modest Margin Outlook

Analysts have trimmed their price target on SPAR Group to $104.00 from $111.00, reflecting slightly higher perceived risk despite modestly improved growth and margin expectations. What's in the News SPAR Group issued earnings guidance for the 52 weeks ending September 26, 2025, projecting EPS of 375.4 to 458.9 cents per share, significantly below the prior year's 834.3 cents per share (company guidance).
KAL
R49.84
KAL Group
7D
-1.5%
1Y
-1.3%

KAL Group's (JSE:KAL) Shareholders Will Receive A Bigger Dividend Than Last Year

Dec 18
KAL Group's (JSE:KAL) Shareholders Will Receive A Bigger Dividend Than Last Year
SHP
R268.31
Shoprite Holdings
7D
0.4%
1Y
-11.2%
CLS
R334.05
Clicks Group
7D
-1.8%
1Y
-12.0%
DCP
R34.62
Dis-Chem Pharmacies
7D
-1.4%
1Y
-4.9%

Dis-Chem Pharmacies (JSE:DCP) Seems To Use Debt Quite Sensibly

Nov 22
Dis-Chem Pharmacies (JSE:DCP) Seems To Use Debt Quite Sensibly
PIK
R24.32
Pick n Pay Stores
7D
-1.5%
1Y
-20.3%

There Are Reasons To Feel Uneasy About Pick n Pay Stores' (JSE:PIK) Returns On Capital

Nov 20
There Are Reasons To Feel Uneasy About Pick n Pay Stores' (JSE:PIK) Returns On Capital
BOX
R70.60
Boxer Retail
7D
-2.2%
1Y
9.7%
BID
R417.02
Bid
7D
0.9%
1Y
-4.8%