Trading update: 20 weeks to 16 November 2014
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL
TRADING UPDATE: 20 WEEKS TO 16 NOVEMBER 2014
The Group has issued this trading update in anticipation of its Annual General Meeting to be held
on 26 November 2014.
Group sales increased by 47.5% for the first 20 weeks of the 2015 financial year over the
comparable 20-week period in 2014. Excluding the impact of David Jones, Group sales grew by
Clothing sales in South Africa increased by 8.8% and by 3.4% in comparable stores,
notwithstanding a significantly lower clearance sale in August. Retail space, including stores in the
rest of Africa, grew by 7.1% (net of closures and excluding franchise conversions).
General merchandise sales increased by 7.2% and by 2.6% in comparable stores.
Food sales increased by 13.3%, with a price movement of 9.3%. Sales in comparable stores grew
by 7.9%. Retail space, including stores in the rest of Africa, grew by 11.1% (net of closures and
excluding franchise conversions).
Country Road Group sales in Australia and New Zealand increased by 7.9%, in Australian dollar
terms. Sales in comparable stores grew by 5.8% and net space grew by 5.1%. Country Road
Group's South African sales are included in the South African clothing figures.
David Jones sales are included from the effective date of the acquisition on 1 August 2014. For
comparability, sales increased by 1.6%, in Australian dollar terms. Sales in comparable stores
grew by 0.1% and net space grew by 5.4%.
The Woolworths Financial Services debtors' book reflected year-on-year growth of 9.4% at the end
of October 2014, with the annualised impairment rate for the four months to 31 October 2014 at
5.2% (four months to 31 October 2013: 5.0%).
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 interim results for the 26-week period to 28 December 2014 are scheduled to be
announced on or about 12 February 2015.
Ian Moir (Group Chief Executive Officer) on 021 407 2809
Reeza Isaacs (Group Finance Director) on 021 407 2464
20 November 2014
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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