South Africa · Delayed Price · Currency is ZAR · Price in ZAc Woolworths Holdings Earnings Call Transcripts
Fiscal Year 2026
-
Group sales rose 6% in constant currency, with all segments gaining market share and strong cash flow generation. Margin pressures from investments and forex were offset by operational improvements, and the outlook is for continued earnings growth as CapEx moderates.
Fiscal Year 2025
-
The AGM highlighted strong trading momentum driven by internal transformation, ongoing investments in technology, and a focus on employee well-being. All resolutions passed, but remuneration policy votes fell short of the 75% threshold, prompting further shareholder engagement.
-
Group sales rose nearly 7% but adjusted EBIT fell 10.9% and HEPS dropped 19% amid macro headwinds and transformation. Foods outperformed with double-digit growth, while apparel rebounded in H2. CRG restructuring is complete, with positive earnings growth expected in FY 2026.
-
Group sales rose 5.7% year-over-year, led by strong Food business growth, but adjusted EBIT fell 13.7% due to apparel challenges in South Africa and Australia. Significant transformation and restructuring are underway, with benefits expected to flow from FY26, while the balance sheet was strengthened by the Bourke Street property sale.
Fiscal Year 2024
-
The AGM featured leadership transitions, robust Q&A on sustainability, diversity, and wage equity, and approval of all resolutions. Strategic investments in new formats, technology, and supply chain resilience were highlighted, while remuneration policy votes showed improved but still insufficient support.
-
Group sales rose 4.3% year-on-year, led by strong food and financial services, but EBIT fell 14% due to macro headwinds and increased investment. The sale of David Jones strengthened the balance sheet, while new growth avenues like Absolute Pets and online channels showed strong momentum.