South African grocery retailer Woolworths Holdings today (20 January) booked an increase in sales for the first half of its fiscal year.
Revenue for the 26 weeks to 26 December climbed 9.8% from a year earlier. Comparable-store sales grew 5.9%.
Sales from Woolworths’ food stores rose 11.8%, while comparable-store sales increased 9.1% for the division.
The retailer said earnings per share for the period are expected to be between 17% and 20% higher than a year earlier.
Adjusted earnings per share after one-time profits and losses are forecast to be between 24% and 27% higher, “due to the exclusion of the abnormal foreign exchange gain in the previous year”.
The group`s results for the period are due to be released on 17 February.
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