JSE-listed food, clothing and homeware retailer Woolworths has recorded its highest interim earnings ever for the 26 weeks ended December 2022, the group said in a Sens statement on Wednesday. Earnings per share this period were 74.9% higher at 293.7 cents, while adjusted headline earnings per share grew by 75.5% to 284.7 cents during the half year.
“Given the erratic and unpredictable nature of load shedding, we are focused on developing a longer-term business solution to sustainably mitigate both upstream and downstream impacts to this challenge,” Woolworths said in a statement. “This includes the impacts on our suppliers, and particularly those where the costs required to manage the breakdown in infrastructure have become prohibitive.” According to the group, excessive blackouts have seen the food business having to stomach an 8.
WOOLWORTHS_SA Matshoba_A Their clothes is still crap. Sadly no one ever investigated the David Jones investment.... Smacks of corporate misrepresentation that financially benefitted only a few.
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