Woolworths Holdings Limited - Trading Update
Woolworths Holdings Limited
Registration number : 1929/001986/06
ISIN : ZAE000028288
JSE Code : WHL
(`Woolworths`)
Woolworths operating group increased sales for the six months from July to
December 2004 by 15.8% compared to the same period last year. Sales from
comparable stores grew by 10.5%.
Clothing and Home sales grew by 10.8% in total and by 8.4% in comparable stores
whilst Foods sales grew by 20.6% in total and by 12.8% in comparable stores. The
average inflation for the period in corporate stores was 0.6% for Clothing and
Home and 3.3% for Foods. Volumes therefore grew strongly in both divisions and
were ahead of our targets.
During the festive season itself, Food sales were ahead of expectations, while
Clothing and Home was slightly below.
Sales for the Australian subsidiary Country Road, for the six months ending 31
December 2004 were 4.6% higher than the same period last year. Average price
deflation across apparel lines during the period were approximately 16%, which
resulted in significant volume growth.
The publication of the interim results of the company for the 26-week period to
26 December 2004 is scheduled for mid-February 2005.
Contact:
Simon Susman(Chief Executive Officer) Contact number: 083 252 5696
Norman Thomson(Finance Director) Contact number: 083 251 6354
Cherrie Lowe(Group Company Secretary) Contact number: 083 308 2933
Cape Town
6 January 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Date: 06/01/2005 08:00:02 AM
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