Woolworths - Trading Update For The Twelve Months To 30 June 2005
Woolworths Holdings Limited
Registration number: 1929/001986/06
ISIN: ZAE000063863
JSE Code: WHL
(`Woolworths` or `the company`)
Trading update for the twelve months to 30 June 2005
Woolworths operating group increased sales for the twelve months to June 2005 by
15.7% compared to the same period last year. Comparable store sales growth was
9.8%.
Clothing and Home grew sales by 11.6% in total and 8.3% in comparable store
sales with an average deflation rate of approximately 1% over the period. Food
sales grew by 19.5% in total and by 11.4% in comparable store sales with an
average inflation rate of approximately 3% over the period.
Sales for the Australian subsidiary Country Road, were 9% higher in Australian
dollar terms compared to the same period last year with unit sales growth in
excess of 30%. Margins have been impacted by significant one-off costs
associated with the transition to the new design processes and timetable, as
well as higher markdowns taken to clear winter stocks following an unseasonably
warm winter. Profit is expected to be in line with last year.
This statement has not been reviewed or reported on by the company`s external
auditors. The group`s results for the year ending 30 June 2005 are expected to
be released on SENS on 26 August 2005.
Cape Town
8 July 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
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/07/2005 08:30:03 AM
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