Botswana's Choppies FY revenue rises on new stores and inflation

Overview

• Botswana food retailer's FY2026 revenue rose 7.8% as new stores and inflation drove sales

• Operating profit fell 23.6% as expenses outpaced gross profit growth

Outlook

• Choppies says food retail fundamentals remain intact despite cyclical demand contraction

• Board will resume dividends when sustainable earnings growth and financial stabilisation are achieved

Result Drivers

• MACROECONOMIC PRESSURES - Co said profitability was impacted by reduced consumer liquidity, Pula devaluation, government austerity, higher fuel prices, and inflationary costs

• EXPANSION COSTS - Total expenses rose 12.1% due to new stores and inflation, with new stores not yet reaching maturity

• SALES DRIVERS - Retail sales growth of 7.9% was driven by 27 new stores and inflation, with no volume growth and a 1.2% decline in like-for-like sales

Company press release:

Key Details

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