Edition:
United States

Foschini Group Ltd (TFGJ.J)

TFGJ.J on Johannesburg Stock Exchange

16,748.00ZAc
9:49am EST
Change (% chg)

590.00 (+3.65%)
Prev Close
16,158.00
Open
16,500.00
Day's High
16,955.00
Day's Low
16,200.00
Volume
933,314
Avg. Vol
1,384,341
52-wk High
24,080.00
52-wk Low
14,464.00

Latest Key Developments (Source: Significant Developments)

TFG HY HEPS UP 8.3 Pct TO 506 Cents
Thursday, 8 Nov 2018 06:30am EST 

Nov 8 (Reuters) - The Foschini Group Ltd ::JSE: TFG - TFGP - UNAUDITED INTERIM CONDENSED CONSOLIDATED RESULTS FOR THE HALF-YEAR ENDED 30 SEPTEMBER 2018.FOSCHINI GROUP LTD - HY GROUP RETAIL TURNOVER UP 28,6% TO R15,9 BILLION.FOSCHINI GROUP LTD - HY HEADLINE EARNINGS PER SHARE UP 8,3% TO 506,0 CENTS.FOSCHINI GROUP LTD - INTERIM DIVIDEND DECLARED OF 330,0 CENTS PER SHARE.FOSCHINI GROUP LTD - HY GROSS MARGIN EXPANSION TO 53,6% (SEPT 2017: 51,0%).FOSCHINI GROUP LTD - HY HEADLINE EARNINGS GROWTH OF 14,3% TO A RECORD R1,2 BILLION (EXCLUDING ACQUISITION COSTS* +9,1%).FOSCHINI GROUP LTD - HY HEADLINE EARNINGS PER SHARE UP 8,3% TO 506,0 CENTS.FOSCHINI GROUP LTD - INTERIM DIVIDEND DECLARED OF 330,0 CENTS PER SHARE.FOSCHINI- EXPECT TRADING CONDITIONS TO REMAIN CHALLENGING IN ALL THREE TERRITORIES AS CONSUMER SPENDING AND BUSINESS CONFIDENCE REMAIN UNDER PRESSURE.FOSCHINI GROUP LTD - SECOND HALF OF GROUP'S FINANCIAL YEAR, AS ALWAYS, REMAINS HEAVILY DEPENDENT ON BLACK FRIDAY, CYBER MONDAY AND CHRISTMAS TRADE.  Full Article

Foschini Group ‍Says 9-Mth Consol Turnover Up 17.1 Pct​
Tuesday, 16 Jan 2018 05:30am EST 

Jan 16 (Reuters) - Foschini Group Ltd ::‍CONSTANT CURRENCY TFG CONSOLIDATED TURNOVER GROWTH WAS 19.1% FOR 9 MONTHS TO DEC. 31 ​.‍TFG CONSOLIDATED TURNOVER GROWTH FOR DECEMBER (26 NOVEMBER 2017 TO 30 DECEMBER 2017) OF 31.0%​.‍CONSOLIDATED TURNOVER FOR 9 MONTHS TO 31 DECEMBER 2017 INCREASED BY 17.1%​.‍TURNOVER GROWTH FOR TFG AFRICA FOR 9 MONTHS TO 31 DECEMBER 2017 WAS 5.6% WITH SAME STORE TURNOVER GROWTH OF 1.5%​.  Full Article

Foschini says to acquire British womenswear brand Hobbs ‍through UK unit
Tuesday, 7 Nov 2017 03:45am EST 

Nov 7 (Reuters) - Foschini Group Ltd :‍THROUGH UK SUBSIDIARY, TFG BRANDS (LONDON) LTD, ENTERED INTO AGREEMENT TO ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF HOBBS, A CONTEMPORARY BRITISH WOMENSWEAR BRAND.  Full Article

Foschini Group says half-year ‍group turnover up 9.2 pct
Thursday, 2 Nov 2017 07:30am EDT 

Nov 2 (Reuters) - Foschini Group Ltd ::HY ‍GROUP TURNOVER UP 9.2 PCT (CONSTANT CURRENCY +12.6 PCT) TO R12.5 BILLION​.‍HY HEADLINE EARNINGS PER SHARE EXCLUDING ACQUISITION COSTS UP 1.6 PCT (CONSTANT CURRENCY +3.9 PCT) TO 504.9 CENTS​.FOSCHINI GROUP LTD - ‍INTERIM DIVIDEND OF 325.0 CENTS PER SHARE - A 1.6 PCT INCREASE​.‍FREE CASH FLOW FOR THE HALF-YEAR UP 58 PCT​.‍TOTAL RETAIL TURNOVER GROWTH FOR FIRST 5 WEEKS OF SECOND HALF IS AT SIMILAR LEVELS TO FIRST HALF​.FOSCHINI GROUP LTD - TO OPEN OVER 100 NEW OUTLETS IN SECOND HALF OF YEAR.  Full Article

Foschini says ‍total turnover for first five months up 6.2 pct​
Wednesday, 6 Sep 2017 06:20am EDT 

Sept 6 (Reuters) - Foschini Group Ltd :‍TOTAL TURNOVER GROWTH FOR FIRST FIVE MONTHS OF THIS FINANCIAL YEAR IS 6,2%​.‍CASH TURNOVER GROWTH FOR FIRST FIVE MONTHS OF THE FINANCIAL YEAR WAS 6,0% AND CREDIT TURNOVER GROWTH WAS 6,4%​.‍TURNOVER GROWTH IN TFG AFRICA FOR FIVE MONTHS OF FINANCIAL YEAR IS 5,1% WITH COMPARABLE TURNOVER GROWTH OF 1,4%​.FOSCHINI - ‍TURNOVER GROWTH IN TFG INTERNATIONAL FOR FIRST FIVE MONTHS OF FINANCIAL YEAR IS 9,6%​.  Full Article

Foschini Group announces bookbuild offering to raise up to 2 bln rand
Monday, 31 Jul 2017 11:47am EDT 

July 31 (Reuters) - FOSCHINI GROUP LTD ::SAYS LAUNCH OF PLACING OF NEW TFG ORDINARY SHARES THROUGH AN ACCELERATED BOOKBUILD OFFERING TO RAISE UP TO R2 BILLION.PROCEEDS WILL BE UTILISED TO REPAY ALL OR A PORTION OF SHORT-TERM ACQUISITION FACILITY RELATING TO ACQUISITION BY TFG OF 100% OF RETAIL APPAREL GROUP.BOOK FOR BOOKBUILD IS OPEN WITH IMMEDIATE EFFECT AND IS EXPECTED TO CLOSE AS SOON AS POSSIBLE.LISTING AND TRADING OF BOOKBUILD SHARES IS EXPECTED TO COMMENCE ON 4 AUGUST 2017.  Full Article

Foschini's unit referred to National Consumer Tribunal
Tuesday, 4 Jul 2017 05:05am EDT 

July 4 (Reuters) - Foschini Group Ltd :Unit Foschini Retail has been referred to National Consumer Tribunal for allegedly being in breach of National Credit Act.Unit sells club magazine subscriptions that National Credit Regulator considers to be "charging" a "fee" that is not permitted by NCA.Co is of view that FRG's referral is based on "incorrect interpretation of applicable legislation".Says will oppose FRG's referral to NCT.  Full Article

Foschini Group says Christmas trading was above expectations
Monday, 16 Jan 2017 04:00am EST 

Foschini Group Ltd : TFG group sales for 9 months to 24 December 2016 increased by 14.5 pct . Christmas trading was above expectation with TFG group sales growth for December of 14.6 pct . Says TFG group sales for 9 months to 24 December 2016 increased by 14.5 pct . Growth for TFG International was 47.9 pct in GBP and growth for TFG Africa was 11.5 pct with same store growth of 5.6 pct. .Says TFG International continues to perform in line with management's expectation.  Full Article

UPDATE 1-South African retailer TFG earnings miss forecast on higher expenses

May 24 South African clothing and homeware retailer The Foschini Group (TFG) on Thursday reported a smaller than expected rise in full-year earnings, hurt by higher expenses, sending its shares down as much as 4.8 percent.