Shufersal Ltd - SHUFF STOCK NEWS

Shufersal reported 2022 revenues of approximately NIS 14.66 billion, a slight decrease of 0.7% from 2021. The fourth quarter saw revenue growth of 1% year-over-year, totaling approximately NIS 3.65 billion. Operating profit fell to approximately NIS 394 million, representing 2.7% of revenues, while the net profit significantly dropped to NIS 2 million. An investment plan of about NIS 1 billion is underway to enhance growth, including NIS 700 million for automatic shipping warehouses. Private brand sales increased to 27.2% of total sales, reflecting growth in the retail sector despite challenges.

Shufersal reports Q2 revenue of approximately NIS 3.7 billion, a 3.3% year-over-year increase. Operating profit is NIS 107 million (2.9% of revenue), down from NIS 183 million (5.1%). Net profit also declined to NIS 68 million (1.8%), compared to NIS 97 million (2.7%). The Be sector saw a revenue increase of 14.3% to NIS 255 million. Online sales represent 20.1% of total retail sales, slightly down from last year. Private label sales rose to 26.7% of total food retail sales.

Shufersal reported its Q1 2022 financial results, showing a revenue decline to NIS 3.4 billion, down from NIS 3.8 billion last year, reflecting a 7% decrease. Operating profit fell to NIS 102 million (2.9% of revenues) from NIS 198 million (5.3%). Net profit was NIS 27 million (0.8% of revenues), down from NIS 114 million (3.0%). Despite challenges, the Be network reported a 25% revenue increase to NIS 269 million. The company's online sales constituted 21.8% of total retail sales, a slight decrease from last year.

Shufersal (TASE: SAE), Israel's leading retailer, reported its 2021 financial results, with total revenue at approximately NIS 14.8 billion, a 3.1% decline from 2020. The fourth quarter's revenue was NIS 3.6 billion, down 6.7% from the previous year. Despite a decrease in sales, gross profit rose to NIS 4.021 billion, representing 27.2% of total revenue. Net profit increased by 2% to NIS 393 million. Online sales reached NIS 2.8 billion, making up 20.5% of total food retail sales.

Shufersal (TASE: SAE), Israel's leading retailer, reported its financial results for Q2 and H1 2021. Q2 revenues decreased by approx. NIS 3.6 billion, down 2.8% YoY, while H1 revenues were approx. NIS 7.4 billion, a 0.9% decline from last year. However, gross profit rose to approx. NIS 1,004 million in Q2, representing a margin of 28%. Operating profit also increased by 11% to approx. NIS 183 million. Notably, net profit surged 21% in Q2 to NIS 97 million, and private label sales share rose to 26.1%.