TFG fell in 1.7x regular 30-day volumes after reported group revenue up 12.2% to R31.40bn in line with expectations. Online sales rose 55.3% and reached 14.7% of retail sales, helped by White Stuff. Gross margin slipped to 49.3% from 49.5%. HEPS down 21.3% to 292.6c, slightly above the guided midpoint of 288.0c. Interim dividend down 18% to 130c.
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