|
|
Foschini - trading update and trading statement
Sales have grown by 7,6% in Q4 to date, reflecting an improvement in performance and partly due to the dissipation of the two-pot retirement funds release in the base. Sales for the year to date now reflects an increase of 5,2%, with online sales and value-added revenues continuing to show significant growth.
Gross margin has also now normalised since January, however this has been insufficient to recover margin lost during the year up to and including peak season in Q3 FY2026, as previously disclosed.
Updated trading statement for the financial year ending 31 March 2026
A reasonable degree of certainty exists that both EPS and headline earnings per share will decline by more than 20% from the results of the corresponding prior period. The Group will publish a further trading statement once it has attained a reasonable degree of certainty over the expected earnings ranges. The updated trading statement will be published prior to the release of TFG's annual results, which are expected to be announced on SENS on or about 5 June 2026.
|
|
Click here for original article
|
| |
| |
| Click here for full news archive for this company |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
