Sheng Siong lifted third-quarter profit by 1.9 per cent to $44.6 million for the period ended Sept 30, up from $43.7 million a year earlier, driven by new outlets and stronger comparable sales.

Revenue rose 6.2 per cent to $441.5 million, compared with $415.5 million in the prior-year period. Earnings per share climbed 1.7 per cent to $0.0296 from $0.0291.

The Singapore mainboard-listed supermarket chain attributed top-line growth to higher store numbers and improved same-store demand.

Revenue growth came directly from new space and gains across existing aisles. The supermarket operator added eight stores in Singapore over twelve months, lifting its domestic network to 92 locations from 84. Total domestic retail space expanded to 799,775 square feet, up from 723,648 square feet in the prior-year period. Its footprint in China stayed flat at six outlets.

Management acknowledged that discounting remains intense across the island. Sustained promotional campaigns across the grocery sector continue to squeeze receipts and operating margins, capping the flow-through from higher customer traffic.

Staff expenses climbed 9.3 per cent during the quarter to $71.6 million, compared with $65.5 million twelve months ago. The increase reflects state wage adjustments designed to lift compensation for lower-income retail staff across the island.

Sheng Siong raised floor workers’ pay in September 2025 to comply with statutory Progressive Wage Model requirements for the retail industry. Management identified further overhead pressure coming from updated National Wage Council guidelines spanning 2026 and 2027.

Domestic grocers face a shifting competitive perimeter as regional transport links near completion.

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