Trading update: 52 weeks to 29 June 2014
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL
TRADING UPDATE: 52 WEEKS TO 29 JUNE 2014
The year ended 29 June 2014 had 52 trading weeks compared to 53 weeks for the year ended 30
Group sales increased by 14.4% for the 52 weeks of the 2014 financial year over the
corresponding 52-week period in 2013 (12.7% on a 52:53 weeks basis). Sales in comparable
stores grew by 9.1% (52:53 weeks: 7.4%).
Clothing sales in South Africa increased by 10.6% (52:53 weeks: 8.4%), with a price movement of
8.8%. Sales in comparable stores grew by 8.6% (52:53 weeks: 6.4%). Retail space, including
stores in the rest of Africa, grew by 5.3% (net of closures and excluding franchise conversions).
Food sales grew by 14.8% (52:53 weeks: 12.7%), with a price movement of 7.9%. Sales in
comparable stores grew by 10.7% (52:53 weeks: 8.7%). Retail space, including stores in the rest
of Africa, grew by 8.2% (net of closures and excluding franchise conversions).
General merchandise sales grew by 7.1% (52:53 weeks: 5.1%) and by 4.2% (52:53 weeks: 2.3%)
in comparable stores, with a price movement of 2.6%.
Sales in Australia and New Zealand, including the Witchery Group, increased by 20.3%, in
Australian dollar terms. Sales in comparable stores increased by 7.2% and net space, excluding
the Witchery Group acquisition, grew 4.2%. The Country Road Group did not have a 53-week
period last year. Country Road Group's South African sales are included in the South African
The Woolworths Financial Services debtors' book reflected year-on-year growth of 10.8% at the
end of June 2014, with the impairment rate, inclusive of collection costs, for the year at 4.8%
(2013: 3.0% restated to include collection costs).
Shareholders are advised that the financial information contained in this announcement has not
been audited, reviewed or reported upon by the Group's external auditors.
The Group's year end results for the 52-week period to 29 June 2014 are scheduled to be
announced on or about 28 August 2014.
Ian Moir (Group chief executive officer) on 021 407 2809
Reeza Isaacs (Group finance director) on 021 407 2464
17 July 2014
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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