Bidcorp reports 10% rise in earnings per share amid challenging economic conditions

BIDCORP, the global foodservice giant, in a trading update on Tuesday said constant currency headline earnings per share were up 10% for the period ending April 2025, showcasing resilience in a challenging economic landscape marked by subdued consumer spending and persistent inflationary pressures.

- PHILIPPA LARKIN

The company reported a 10% year-to-date growth in constant currency trading profit, navigating near-zero food inflation and currency volatility that dented rand-translated results by 3.8%.

The update highlighted a 10% increase in constant currency headline earnings per share (Heps), surpassing the record performance of the prior year. With more than 90% of operations outside South Africa, Bidcorp cited constant currency metrics as the true gauge of its performance. Revenues hit record levels, up 6.7% in constant currency from the stellar 2024 comparative, with organic growth at 4.6% and acquisitions contributing 2.1%.