Woolworths Holdings (OTC) ( (WLWHY) ) has released its Q4 earnings. Here is a breakdown of the information Woolworths Holdings (OTC) presented to its investors.
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Woolworths Holdings Limited is a South African retail group operating in the food, fashion, beauty, and home sectors, known for its commitment to sustainability and innovation. The company’s latest earnings report for the 26 weeks ending December 2024 highlights a mixed performance, with strong growth in its food division offset by challenges in its apparel businesses. Key financial metrics show a 5.7% increase in turnover and concession sales, while profit before tax rose by 6.3%. However, adjusted profit before tax and headline earnings per share saw significant declines of 20.6% and 24.8%, respectively, reflecting the impact of strategic transformations and economic pressures. The sale of a flagship property in Melbourne contributed to a 20.9% increase in earnings per share. Looking ahead, Woolworths remains optimistic about achieving its strategic goals despite external economic uncertainties, positioning itself to capitalize on potential consumer spending recovery.