|
WHL
WOWOW
WHL - Woolworths Holdings Limited - Trading update and trading statement
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL
ISIN: ZAE000063863
("the Group")
TRADING UPDATE AND TRADING STATEMENT
TRADING UPDATE: 26 WEEKS TO 25 DECEMBER 2011
Group sales for the first 26 weeks of the 2012 financial year increased
11.4% over the comparable period in 2011. Sales in comparable stores grew
by 7.7%.
Clothing sales in South Africa grew by 11.2% with a price movement of 7%.
Sales in comparable stores grew by 5.9%, up from 4.9% at 20 weeks.
Food sales grew by 11.7% with price movement of 4.8%. Sales in comparable
stores grew by 8.4%, up from 7.2% at 20 weeks.
General merchandise grew by 6.2% and by 4.2% in comparable stores, up from
2.5% at 20 weeks.
Woolworths retail space, including Africa, grew by 2.3% year-on-year, net of
closures and excluding franchise conversions. Franchise store conversions
are on track with 50 stores now converted. A further 8 will be converted
during the balance of the year and 17 stores will remain franchised.
Converted franchise stores are treated as non-comparable.
Sales in Australia contracted 2.8% in Australian dollar terms, with sales in
comparable stores declining by 5.5%. Space in Australia grew by 0.7%.
Country Road`s South African sales are included in the South African
clothing segment.
The Woolworths Financial Services debtors` book reflected year on year
growth of 6.7% at the end of December 2011. The impairment rate for the six
months to December 2011 was 1.7% compared with 1.6% for the equivalent
period last year.
TRADING STATEMENT
We expect that both earnings per share ("EPS") and headline earnings per
share ("HEPS") for the 26 week period to 25 December 2011 will be between 30-
35% higher than the corresponding reporting period. Included in both EPS
and HEPS is a R41m post-tax unrealised gain from the mark-to-market of
foreign exchange contracts open at 25 December 2011.
Shareholders are advised that the financial information contained in this
announcement has not been reviewed and reported on by the Group`s external
auditors.
The Group`s interim results for the 26 week period to 25 December 2011 are
scheduled to be announced on SENS on or about 16 February 2012.
Contact:
Ian Moir (Group chief executive officer) on 021 407 2809
Norman Thomson (Group finance director) on 021 407 3337
Cape Town
17 January 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/01/2012 08:00:14 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
