Adds outlook feedback, background
Adds outlook feedback, background
Feb 20 (Reuters) – Truworths Worldwide Ltd TRUJ.J reported a marginal rise in first-half earnings on Thursday as the style retailer battles constrained spending in South Africa and Brexit-related uncertainties within the UK, two of its key markets.
The corporate which is listed on the Johannesburg and Namibian exchanges additionally warned of restrained buying and selling circumstances in South Africa and the UK for the brief to medium time period.
The clothes, sneakers, jewelry and homeware retailer stated its headline earnings per share (HEPS) for the 26 weeks to Dec. 29 inched greater to 364.9 South African cents from 363.2 South African cents a yr earlier.
HEPS is the primary revenue measure for South African corporations and strips out sure one-off gadgets.
Truworths’ outcomes come after South African retail gross sales fell 0.4% year-on-year in December, following a rise of two.6% in November.
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