The group also advised that earnings per share and headline earnings per share for the 26 weeks to 23 December 2012 will be between 18-24% higher than the corresponding reporting period of the previous year.
Clothing sales in South Africa grew by 13.0% with a price movement of 5.5%. Sales in comparable stores grew by 7.7%.
Food sales grew by 11.1% with a price movement of 7.4%. Sales in comparable stores grew by 7.8%. General merchandise grew by 7.7% and by 4.0% in comparable stores.
Woolworths retail space‚ including stores in the rest of Africa‚ grew by 5.7%‚ net of closures and excluding franchise conversions.
Sales in Australia and New Zealand increased 55.6%‚ in Australian dollar terms. Witchery and Mimco´s sales are included from the effective date of the acquisition on 29th September 2012.
Sales in comparable stores increased by 10.7% and net space‚ excluding the acquisition‚ contracted 2.0%. Country Road´s South African sales are included in the SA clothing figures.
The Woolworths Financial Services debtors' book reflected year on year growth of 12% at the end of December 2012‚ with the annualised impairment rate for the six months to December 2012 at 1.5%.
The company said included in both EPS and HEPS are transaction costs of R52m relating to the acquisition of the Witchery Group‚ once- off store employee restructuring costs of R43m‚ and net unrealised foreign exchange losses of R16m.
Adjusting for these items‚ core EPS and core HEPS are expected to be between 33-39% higher than the corresponding reporting period of the previous year.
The group's interim results are scheduled to be announced on or about 14 February 2013.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
Joe Public 1 day
