South Africa's Woolworths profit slumps on soft clothing sales growth
JOHANNESBURG, March 5 (Reuters) - South African upmarket retailer Woolworths Holdings (WHLJ.J), opens new tab reported on Wednesday a 24.8% decline in profit in its first-half, due to softer-than-expected topline growth in its clothing businesses at home and in Australia and New Zealand.
The company, which also owns food stores in South Africa, said its headline earnings per share fell to 152.8 South African cents in the 26 weeks ended December 29, from 203.3 cents in the prior period ended December 24, 2023.
It declared an interim dividend of 107 cents per share, down 27.7% from the prior year.
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12 hours ago
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Daily Mirror
a day ago
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