South African retail group Woolworths posted a 24.7% rise in full-year adjusted headline earnings per share, thanks to across-the-board gains in market share.
Sales were up 8.2% in the 12 months to 30 June, boosted by an 11.2% rise in clothing and merchandise sales, with clothing and footwear growth tracking at 5% above the market.
“Trading in Australia will remain tough but is expected to improve in the second half,” the company said.
“Current trading remains positive and in line with expectations. The business is focused, strategies are delivering and we are well positioned for continued growth in the year ahead.”
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