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Truworths - update and trading statement
The Group, covering the 52-week period ended 29 June 2025, reports resilient trading amid challenging macroeconomic conditions. Operating in South Africa, Truworths Africa faced subdued consumer confidence due to geopolitical tensions, inflation, and slow economic growth, which resulted in a slight retail sales decline of 0.4%, with online sales growth of 33.7%. Despite pressure on gross profit margins, the segment's credit environment showed signs of improvement, supported by disciplined credit management. Meanwhile, Office UK demonstrated robust performance, with retail sales rising by 9.7% in Sterling and a 6.4% increase in trading space, driven by strategic investments and strong e-commerce sales, which accounted for 44.9% of its retail turnover. Group retail sales increased by 2.7% to "ZAR 22.0 billion.
The Group estimates its earnings per share ('EPS') and headline earnings per share ('HEPS') for the current period, on an undiluted basis, to be within the ranges reflected in the table below. Prior period earnings were significantly enhanced by the inclusion of trademark and right-of-use asset impairment reversals, the impact of the first-time consolidation of the Group's charitable trusts and insurance recoveries, with a combined value of R993 million, net of tax. The disparity between EPS and HEPS performance is due to trademark and asset impairment reversals being included in earnings but excluded from headline earnings.
Earnings Per Share (EPS):
- 52 weeks to 29 June 2025: 712 - 754 cents
- 52 weeks to 30 June 2024: 1 046.9 cents
- Estimated change on prior period: -32% to -28%
Headline Earnings Per Share (HEPS):
- 52 weeks to 29 June 2025: 728 - 761 cents
- 52 weeks to 30 June 2024: 817.9 cents
- Estimated change on prior period: -11% to -7%
The Group's audited financial results for the current period are scheduled for release on or about Thursday, 28 August 2025.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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