South African retailer Woolworths Holdings has booked strong earnings growth during the first half of its fiscal year on the back of a 9.8% increase in turnover.
Total sales for the 26 weeks to the end of December increased to ZAR12.7bn (US$1.78bn). Food sales rose 11.8% for the period and comparable-store sales increased by 9.1%.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Adjusted headline earnings per share rose 25.8% to 100.8 cents per share, from 80.1 cents previously.
Looking to the remainder of the year, the retailer said yesterday (17 February) that trading in South Africa had been “positive” and insisted that it expects turnover growth to continue apace.
Click here to access the full financial release.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
