South Africa’s Woolworths earnings rise on festive season sales

Shoppers walk towards a Woolworths store in Cape Town, South Africa, February 26, 2024. REUTERS
JOHANNESBURG, March 4 (Reuters) – South African retailer Woolworths ​Holdings reported on ‌Wednesday a 9.6% rise in half-year headline ​earnings on strong ​demand for its upmarket ⁠food over ​Black Friday and the ​festive season and benefits from revamping its fashion ​unit.
Headline earnings ​per share rose to 167.4 ‌cents ⁠in the 26 weeks ended December 28 from 152.8 ​cents ​in ⁠the prior period.
The retailer, which ​also has operations ​in ⁠Australia, declared an interim dividend of ⁠118 ​cents, up ​10.3%.

Reporting by Nqobile Dludla; ​Editing by Muralikumar Anantharaman

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