Woolworths Holdings, the South African retailer, said today (20 January) that half-year sales rose 8.1% thanks to higher revenues from its food business.
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In the 26 weeks to 31 December, Woolworths said food sales rose 9.5%, driven by higher food prices.
Comparable-store sales from the company’s food sales inched up 0.3%. On a group-wide basis., Woolworths booked comparable-store sales growth of 0.7%.
Woolworths said its earnings per share for the six-month period would soar by 90-100% thanks to the sale of its financial services unit.
Headline earnings per share is forecast to rise 8-13%.
Woolworths will report its full half-year figures on 19 February.
