Woolworths earnings beat estimates as food, clothing sales rise

Aug 25 2016 08:16

Woolworths. (Duncan Alfreds, News24)

Company Data


Last traded 52
Change 1
% Change 2
Cumulative volume 7545071
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Woolworths unscathed from boycott – brand expert

Activists abandon #BoycottWoolworths campaign

Warm weather impacts Woolworths winter sales

Woolworths expects tax hikes for high earners

Woolworths expects tax hikes for high earners

Woolworths continues to show strong growth

Woolworths resilient despite tough conditions


Johannesburg - South African retailer Woolworths Holdings [JSE:WHL] reported full-year profit that beat analyst estimates after food and clothing sales rose.

Diluted headline earnings per share, which exclude one-time items, rose 8.9% to R4.53 in the year ending June 26, the Cape Town-based company said in a statement on Thursday. That compared with the R4.45 average estimate of six analysts. Sales rose 16% to R72.1bn

Woolworths follows Shoprite Holdings as South African retailers reporting increased sales and profit this week, even as slowing economic growth weakens consumer confidence in their home market.

Woolworths also benefited from increased revenue in Australia, where it acquired Sydney-based department-store operator David Jones in 2014.

Read Fin24's top stories trending on Twitter:

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

woolworths  |  earnings reports  |  retail


Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The state capture inquiry will:

Previous results · Suggest a vote