Trading update: 19 weeks ended 6 November 2016
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL
TRADING UPDATE: 19 WEEKS ENDED 6 NOVEMBER 2016
Group sales for the first 19 weeks of the 2017 financial year increased by 8.9%.
Woolworths Clothing and General Merchandise sales increased by 2.0%. Price movement was
7.0%. Sales in comparable stores were 0.8% lower and retail space grew by a net 2.9%.
Woolworths Food sales increased by 9.1%, with price movement of 9.2%. Sales in comparable
stores grew by 4.9% and retail space grew by a net 8.3%.
David Jones sales increased by 2.2% in Australian Dollar terms. Sales in comparable stores, after
adjusting for the impact of the discontinued Dick Smith Electronic concession, grew by 0.6% and
retail space grew by a net 3.4%.
Country Road Group sales declined by 2.8% in Australian Dollar terms. Sales in comparable stores
were 4.9% lower and retail space grew by a net 2.0%.
The start to the financial year in both South Africa and Australia was impacted by an extremely
warm winter and consequent very high levels of promotion, as all retailers sought to clear stock. As
summer arrives, we are seeing sales improve, albeit in challenging conditions in both markets.
The Woolworths Financial Services debtors' book reflected year-on-year growth of 2.0% at the end
of October 2016, with an annualised impairment rate for the four months ended 31 October 2016 at
6.4% (four months ended 31 October 2015: 5.0%).
The Group's interim results for the 26-week period ended 25 December 2016 are scheduled to be
announced on the Stock Exchange News Service on or about 16 February 2017.
Reeza Isaacs (Group Finance Director) on 021 407 2464
Ralph Buddle on 021 407 3250
11 November 2016
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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