WOW woolworths group limited

(Adds results details) JOHANNESBURG, Feb 28 (Reuters) - South...

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    (Adds results details)

    JOHANNESBURG, Feb 28 (Reuters) - South African fashion retailer Woolworths WHLJ.J reported a 7.5% fall in half-year earnings on Wednesday, as consumers pulled back on discretionary spending and the country's energy and logistics crisis persisted.

    The food, fashion and beauty products retailer, which targets mid- to upper-income consumers, said its headline earnings per share (HEPS) from continuing operations fell to 203.3 cents in the 26 weeks ended Dec. 24, from 219.9 cents a year earlier.

    For total operations, HEPS declined by 31%. Group turnover and concession sales from continuing operations, excluding retailer David Jones that it sold last year, rose 5.4% to 38.1 billion rand ($1.99 billion) and by 4.4% in constant currency terms.

    Profit before tax fell by 14.2% to 2.5 billion rand. Woolworths said its results were impacted by an increasingly challenging macroeconomic backdrop, given the sustained effect of interest rate increases and higher living costs.

    "This negatively impacted footfall, resulting in a greater-than-expected pullback in discretionary spend in both geographies," it said, also referring to Australia.

    In South Africa, business operations were further disrupted by higher levels of power cuts, congestion at ports due to equipment failures and the impact of Avian flu on the availability of key food product lines.

    The port congestion curtailed turnover and concession sales growth at Woolworths' fashion beauty and home business to 2.2% due to poor availability of products, in part due to the late arrival of certain summer ranges.

    ($1 = 19.1264 rand)

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$30.89
Change
0.240(0.78%)
Mkt cap ! $37.73B
Open High Low Value Volume
$30.70 $30.92 $30.62 $40.33M 1.309M

Buyers (Bids)

No. Vol. Price($)
6 6072 $30.89
 

Sellers (Offers)

Price($) Vol. No.
$30.90 1028 2
View Market Depth
Last trade - 16.10pm 28/07/2025 (20 minute delay) ?
WOW (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.