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Truworths International Ltd (TRUJ.J)

TRUJ.J on Johannesburg Stock Exchange

8,600.00ZAc
26 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Truworths says retail sales for 26 weeks to Dec.25 up 21 pct
Thursday, 16 Feb 2017 08:06am EST 

Truworths International Ltd : Unaudited group interim report for the 26 Weeks ended 25 December 2016 . Group retail sales for period increased by 21 pct to r10.2 billion . Credit sales comprised 50 pct (2015: 60 pct) of group retail sales for period. . Trading expenses increased 30 pct to r3.7 billion (2015: r2.8 billion) . Excluding office, group's gross margin was stable at 55.0 pct (2015: 55.3 pct). . Headline earnings per share (heps) and diluted heps decreased 3 pct to 392.6 cents and 391.9 cents respectively . An interim dividend of 270 cents per share has been declared (2015: 270 cents per share). . Retail sales growth for second half of 2017 financial period will benefit from lower base recorded in second half of 2016 financial period . Product inflation is also anticipated to reduce in second half to high single-digit levels. . Truworths' retail sales since interim period-end until 14 february remained unchanged over those for comparable period in 2016. . Office recorded retail sales for period of £159 million (r2.9 billion) relative to comparable period's £160 million . Truworths - group sale of merchandise, which comprises group retail sales, together with wholesale and franchise grew 21 pct to r10.0 billion (2015: r8.3 billion).  Full Article

Truworths International HY retail sales up 21 pct
Thursday, 12 Jan 2017 10:00am EST 

Truworths International Ltd : Trading update for the 26 week period ended Dec. 25, 2016 . Experienced a challenging trading environment during 26-week period ended Dec. 25, 2016 . Group retail sales for period increased by 21 pct to R10.2 billion relative to prior period . Cash sales growing by 53 pct while credit sales remained unchanged . Debtors book increased to R6.4 billion and was 5 pct higher than at prior period-end . Relative to prior period adjusted diluted HEPS of 432.5 cents per share, diluted HEPS for period are expected to decrease between 8 pct -12 pct to between 380.6-397.9 cents per share .Group's diluted HEPS for period seen to fall 2-6 pct, to between 380.6 - 397.9 cents per share, relative to prior period.  Full Article

Truworths says HEPS for 52 weeks ended June 26 up 12 pct
Thursday, 18 Aug 2016 09:14am EDT 

Truworths International Ltd : Preliminary report on the audited group annual results for the 52 weeks ended June 26 2016 . Says group retail sales for 52-week period ended 26 June 2016 increased by 46.1 pct to 17.0 bln rand versus comparable period . 52 weeks ended June 26 headline and fully diluted headline earnings per share up 12 pct . Annual dividend per share up 12 pct . Says credit sales for period accounted for 53 pct of retail sales for period (2015: 70 pct) . 52 weeks ended June 26 group's gross margin decreased to 52.9 pct (2015: 55.2 pct) . HEPS and fully diluted HEPS for 52 weeks ended June 29 increased 12.4 pct to 667.6 cents and 12.5 pct to 665.9 cents respectively . Says interest received for period increased 21.2 pct to 1.3 bln rand(2015: 1.1 bln rand) due to growth in debtors book . We expect South African trading environment to remain challenging during 2017 financial period . Says operating profit increased 20.7 pct to 4.2 bln rand while operating margin decreased to 24.9 pct from 30.5 pct for period . Trading environment in United Kingdom is also faced with uncertainty after decision to withdraw from European Union . Non-Comparable group retail sales for first six weeks of 2017 financial period are 40 pct up over corresponding six weeks of 2016 period . In second half of 2017 financial year beneficial impact of lower product inflation could be expected if currency remains at current levels.  Full Article

Truworths says LFL retail sales up 7.3 pct for 52 weeks ended June 26
Friday, 15 Jul 2016 04:40am EDT 

Truworths International Ltd : Group retail sales for period ended June 26 2016 up by 46.1 pct to 17.0 bln rand . Says credit sales comprised 53 pct of retail sales vs 70 pct for period, with credit sales increasing by 11 pct . Says cash sales increasing by 130 pct relative to prior period . Retail sales for period increased by 11.3 pct to 12.8 bln rand relative to prior period .Like-For-Like store retail sales, increased by 7.3 pct for 52 weeks ended June 26.  Full Article

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