FOS
FOS
Foschini Limited - Sales Update
FOSCHINI LIMITED
Reg. No.: 1937/009504/06
Code: FOS
ISIN: ZAE000031019
Sales Update
Group sales for the 3 months October to December 2005 (this year representing 14
weeks) were well above expectation, increasing by 19,4% as compared to the
corresponding period last year, as the lower inflation and lower interest rate
environment continues to benefit consumer confidence. All divisions throughout
the group performed well above budget. Sales for comparable stores grew by 14%.
These results were achieved with average merchandise inflation for the period of
approximately 3%.
December Christmas trading was extremely buoyant with sales growth of 22% and
same store growth of 16,6%.
The positive trading environment is expected to be maintained, and the group
anticipates continued strong growth in its earnings for the second half of the
year.
This sales update has not been reviewed or reported on by the company"s external
auditors.
Cape Town
13 January 2006
SPONSOR
UBS South Africa (Pty) Ltd
-ENDS
Date: 13/01/2006 11:18:37 AM Produced by the JSE SENS Department
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