South Africa · Delayed Price · Currency is ZAR · Price in ZAc The Foschini Group Earnings Call Transcripts
Fiscal Year 2026
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Group revenue grew 12.2% (3.7% ex-White Stuff), but operating profit fell 10% amid margin pressure and volatile demand. Strong online and beauty growth offset by macro headwinds and cost inflation; outlook remains cautious with focus on cost control and margin protection.
Fiscal Year 2025
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Group revenue rose 4.1% to ZAR 58.3bn, with strong H2 momentum and record results in TFG Africa. Gross margin expanded 150bps, BASH e-commerce reached profitability, and the White Stuff acquisition boosted UK performance. Positive post-year-end trends continue.
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Group gross margin rose to 49.5% and gross profit hit a record ZAR 12.8 billion, driven by strong performance in TFG Africa and disciplined cost control. Strategic acquisitions and digital investments are fueling growth, with further margin gains and 7%-10% annual core growth expected.
Fiscal Year 2024
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Group turnover grew 8.9% with strong margin recovery and record results in key segments, despite tough macro conditions and new global competitors. Net debt was reduced by over 30%, and strategic investments in omnichannel and supply chain are set to drive future growth.