Trading update and trading statement: 52 weeks ended 26 June 2016
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL
TRADING UPDATE AND TRADING STATEMENT: 52 WEEKS ENDED 26 JUNE 2016
Group sales for the 52 weeks ended June 2016 increased by 16.4% (12.0% excluding David
Jones, acquired in August 2014). Group apparel sales in the second half were impacted by the late
start to winter and the unseasonably warm weather experienced across the southern hemisphere.
Woolworths Clothing and General Merchandise sales increased by 8.2%, with a price movement of
6.2%. Sales in comparable stores grew by 4.4%. Net retail space grew by 4.9%.
Woolworths Food sales, including Food Service concessions, increased by 11.9%, with a price
movement of 6.7%. Sales in comparable stores grew by 5.7%. Net retail space grew by 9.3%.
On a 52-week basis, David Jones sales, including concession sales, increased by 8.4% in
Australian dollar terms. Sales in comparable stores grew by 7.0% and net retail space grew by
Country Road Group sales, including sales in South Africa, increased by 5.5% in Australian dollar
terms. Sales in comparable stores were 3.9% lower. Net retail space grew by 6.1%, 2.7% of which
was space reallocated from other brands in David Jones and, therefore, does not constitute
additional space to the Group.
The Woolworths Financial Services debtors' book reflected year-on-year growth of 2.5% at the end
of June 2016, with an impairment rate for the twelve months ended 30 June 2016 at 5.7% (2015:
Shareholders are advised that earnings per share ("EPS") and headline earnings per share
("HEPS") for the 52-week period ended 26 June 2016 are expected to be higher than EPS and
HEPS for the reported 52-week period ended 28 June 2015, as follows:
2015 reported 2016 growth range 2016 range (cents)
EPS 337.3 30 - 40% 438.5 - 472.2
HEPS 369.7 15 - 25% 425.2 - 462.1
Adjusted diluted HEPS 416.4 5 - 10% 437.2 - 458.0
WANOS (millions) 956.5
Included in earnings for the prior period are costs associated with the acquisitions of David Jones
and the minority interest in Country Road Group as well as unrealised foreign exchange gains
totalling R444 million (post-tax).
Shareholders are advised that the forecast 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 ended 26 June 2016 are scheduled to be
announced on the Stock Exchange News Service on or about 25 August 2016.
Reeza Isaacs (Group Finance Director) on 021 407 2464
Ralph Buddle on 021 407 3250
14 July 2016
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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