Kaya 959 Kaya Biz

Retail Analysis: Woolworths braces for earnings dip and Shoprite forges ahead with sales up 12%

Loading player...
GUEST – Zwelakhe Mnguni – Chief Investment Officer at Benguela Global Funds Manager
Food, fashion and beauty product retailer Woolworths expects a double-digit drop in its earnings per share for the 53 weeks to 30 June 2024, it announced in a trading update on Sens on Wednesday.
The giant among South Africa’s retailers, Shoprite, on Tuesday reported a 12% surge in annual merchandise sales, which it attributes to a combination of new store openings and robust sales across most of its store brands.
31 Jul 2024 3PM English South Africa Business News · Investing

Other recent episodes

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min
All episodes