Trading Update – Group’s turnover increased by 23.3% (20.3% in constant currency). Online sales declined 13.7%, and contributing 10.1% to turnover as shoppers returned to brick and mortar stores. Adjusted diluted HEPS are expected to be more than 20%, or 32.4 cents higher than the prior 26-week period. The Southern Africa Fashion Beauty Home (FBH) business grew turnover by 10.8% with full-priced sales up 15.2% and clearance sales down 20%. Woolies Food had Product inflation of 7.9% and price increases of 6.3%, meaning it took a small hit there. Food turnover was however up by 7.3% and online (Dash) sales up 26%.
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