Trading update: 20 weeks to 15 November 2015
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL
TRADING UPDATE: 20 WEEKS TO 15 NOVEMBER 2015
Group sales increased by 17.7% for the first 20 weeks of the 2016 financial year, over the
comparable 20-week period in 2015. Excluding David Jones, Group sales increased by 11.7%.
Woolworths Clothing sales increased by 12.1%, with a price movement of 6.1%. Sales in
comparable stores grew by 8.0%. Retail space, including stores in the rest of Africa, grew by 6.7%
(net of closures). General Merchandise sales increased by 8.1% and by 4.3% in comparable
Woolworths Food sales increased by 11.7%, with a price movement of 6.5%. Sales in comparable
stores grew by 4.8%. Retail space, including stores in the rest of Africa, grew by 9.2% (net of
On a pro-forma comparable basis, David Jones sales (including concession sales) increased by
12.2%, in Australian dollar terms. Sales in comparable stores grew by 10.4% and net space grew
Country Road Group sales in Australia and New Zealand increased by 14.2%, in Australian dollar
terms. Sales in comparable stores contracted by 0.1% and net space grew by 24.9%, 17.4% of
which was space reallocated from other brands in David Jones and therefore does not constitute
additional space from a Group perspective. Country Road Group's South African sales are
included in the Woolworths Clothing figures.
The Woolworths Financial Services debtors' book reflected year-on-year growth of 9.2% at the end
of October 2015, with an annualised impairment rate for the four months to 31 October 2015 at
5.0% (four months to 31 October 2014: 5.2%).
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 27 December 2015 are scheduled to be
announced on the Stock Exchange News Service on or about 11 February 2016.
Reeza Isaacs (Group Finance Director) on 021 407 2464
Ralph Buddle (Strategy and Business Development Director) on 021 407 3250
17 November 2015
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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