Woolworths Holdings Limited ( (WLWHF) ) has released its Q4 earnings. Here is a breakdown of the information Woolworths Holdings Limited presented to its investors.
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Woolworths Holdings Limited is a South African retail company operating in the food and apparel sectors, known for its commitment to sustainability and innovation. In its latest earnings report for the 26 weeks ending December 2024, Woolworths Holdings Limited reported a mixed performance with a 5.7% increase in turnover and concession sales, but a decline in adjusted profit before tax by 20.6% compared to the previous year. The company’s food business showed strong growth, with turnover increasing by 11.4%, while the fashion, beauty, and home sectors faced challenges due to supply chain issues and increased promotional activities. The sale of a Melbourne property contributed to a 20.9% increase in earnings per share. Despite these challenges, the company remains optimistic about achieving its strategic objectives and is positioned to benefit from a potential recovery in consumer spending.