| LEWIS GROUP INCREASES DIVIDEND BY 21% ON STRONG PROFIT GROWTH |
| 31 May 2024 |
| Cape Town Lewis Group delivered a resilient performance in a weak retail trading environment in the year to March 2024 as operating profit increased by 13.1% to R690 million. The group reported continued strong credit sales growth, improved margins, robust growth in the debtors book and an all-time high level of satisfactory paying customers. Read the full story here. |
| LEWIS GROUP CONTINUED STRONG CREDIT SALES GROWTH FROM LEWIS GROUP |
| 30 November 2023 |
| Cape Town Lewis Group today reported strong credit sales growth and a resilient debtors book performance for the six months to September 2023, while the groups cash sales reflect the pressure on cash-strapped South African consumers. Earnings were 6.2% lower at R195 million while earnings per share increased by 2.6% to 355 cents per Read the full story here. |
| LEWIS GROUP POSTS STRONG CREDIT GROWTH IN WEAK CONSUMER CLIMATE |
| 25 May 2023 |
| Cape Town Lewis Group reported resilient credit sales growth and a strong debtors book performance in the year to March 2023, while the groups overall results reflect the poor state of consumers in South Africas low growth, high inflationary environment. Headline earnings were 9.8% lower at R506 million while headline earnings per share increa Read the full story here. |
| STRONG GROWTH IN CREDIT SALES AS CONSUMERS UNDER INCREASING PRESSURE |
| 24 November 2022 |
| Cape Town Lewis Group increased merchandise sales by 4.3% to R2.1 billion in the six months to September 2022 as trading conditions weakened significantly in the second quarter of the financial year. Credit sales grew by 16.4% while cash sales declined by 8.1%, reflecting the pressure on consumer disposable income. The group increased headline Read the full story here. |
| LEWIS GROUP HEADLINE EARNINGS UP 21% DESPITE TOUGH TRADING CONDITIONS |
| 26 May 2022 |
| Cape Town Lewis Group today reported a strong merchandise sales and operating performance for the year to March 2022 despite weakening retail trading conditions, with headline earnings increasing by 21.2% to R561 million. Headline earnings per share increased by 37.7% to 849 cents, reflecting the positive leverage effect from the groups aggressive Read the full story here. |
| LEWIS GROUP INCREASES EARNINGS BY 40% WITH DIVIDEND UP 47% |
| 24 November 2021 |
| Cape Town Lewis Group delivered another strong financial performance in the Covid-19 impacted trading environment for the six months to September 2021 as merchandise sales increased by 20.7% to R1.99 billion and headline earnings grew by 24.5% to R226 million. The groups headline earnings per share increased by 39.7% to 330 cents due to Read the full story here. |
| LEWIS GROUP OVERCOMES COVID-19 IMPACT TO LIFT EARNINGS 126% |
| 27 May 2021 |
| Cape Town Lewis Group overcame the adverse impact of the Covid-19 trading restrictions to deliver a strong operating performance for the year to March 2021, with headline earnings increasing by 126.4% to R463.0 million. A total dividend of 328 cents per share has been declared, an increase of 77.3% over last year. The groups Read the full story here. |
| LEWIS GROUP PROFIT UP 13.6% ON STRONG SALES GROWTH POST LOCKDOWN |
| 25 November 2020 |
| Cape Town Lewis Group overcame severe trading restrictions in the first two months of the national Covid-19 lockdown to recover strongly and increase operating profit by 13.6% for the six months to September 2020. Headline earnings per share increased by 9.9% to 236 cents and the board declared an interim dividend of 133 cents Read the full story here. |
| LEWIS GROUP DECLARES DIVIDEND DESPITE MAJOR IMPACT OF COVID-19 ON ANNUAL EARNINGS |
| 25 August 2020 |
| Cape Town Lewis Group delivered a solid trading and operational performance for the year to March 2020 before being impacted by Covid-19 and the national lockdown which contributed to headline earnings per share declining by 30.8% to 260 cents. Covid-19 adjustments reduced profit before taxation by R339 million and headline earnings by R224 million Read the full story here. |
| LEWIS GROUP EARNINGS UP 19% ON STRONG ALL-ROUND PERFORMANCE |
| 20 November 2019 |
| Cape Town Lewis Group increased headline earnings per share by 18.9% to 215 cents in the six months to September 2019 as the multi-brand furniture retailer delivered solid revenue growth, improved margins, reduced debtor costs and increased profitability in a deteriorating retail trading environment. The group increased its interim dividend by 14.3 Read the full story here. |
| LEWIS GROUP EARNINGS UP 24% ON STRONG SALES GROWTH |
| 22 May 2019 |
| Cape Town Lewis Group today reported the continued turnaround in the performance of its traditional retail brands in the year to March 2019, with strong merchandise sales growth and the early benefits of its diversification strategy driving headline earnings per share 24.3% higher to 376 cents. The groups total dividend has been increased by Read the full story here. |