Trading Update & Statement – Group sales rose 4.8% for the 20-week period, with South Africa sales growing by 4.4% (0.9% like-for-like) and Rest of Africa segment sales increasing by 15.9% (12.0% on a constant currency basis). Internal selling price inflation for the 20-week period was 9.5%, below Stats SA Food CPI of 13.2% for the period. The Group expects a decrease of more than 20% in headline earnings per share (HEPS) as a results of higher diesel and energy costs, duplication of supply chain costs during the Longmeadow / Eastport handover, and restructuring costs, resulting in estimated abnormal costs of R610 million.
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