WHL - Woolworths Holdings Limited - Trading Update For The Twenty Six Weeks To
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1929/001986/06
Share code: WHL & ISIN: ZAE000063863
("Woolworths Holdings" or "the group")
TRADING UPDATE FOR THE TWENTY SIX WEEKS TO DECEMBER 2007
Woolworths Holdings increased sales by 16.1% for the twenty six weeks to 23
December 2007, compared to the same period last year. Comparable store sales
growth was 8.5%.
In Woolworths retail, clothing and general merchandise grew sales by 7.3% in
total and 4.7% in comparable stores with an average inflation rate of
approximately 9.6% over the period. Food sales grew by 18.8% in total and by
9.7% in comparable stores with an average inflation rate of approximately 12.1%
over the period.
This financial year has 53 trading weeks and as such it is important to note
that the key trading day of 24th December falls in the second half of the
Trading space had increased by 4.9% in clothing and general merchandise and
13.1% in food as at 31 December 2007, compared to the prior year.
Woolworths financial services grew its combined books by approximately 13.0%.
The growth rate has reduced in recent months due to the implementation of the
National Credit Act and reduced demand for credit and net bad debts have
accelerated since the beginning of the financial year.
Country Road grew total sales by 35.0% in Australian dollar terms. Retail sales,
excluding concession sales, grew by 21.5% in Australian dollars and by 16.5% in
comparable stores compared to the prior year.
The sales figures reported on above have not been audited by the group's
external auditors. The group's results for the half year ended 31 December 2007
are expected to be released on SENS on 21 February 2008.
Simon Susman (Chief executive officer) on 021 407 2700
Norman Thomson (Finance director) on 021 407 3337
Cherrie Lowe (Group secretary) on 021 407 3160
17 January 2008
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/01/2008 08:30:01 Produced by the JSE SENS Department.
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