Foschini Group LimitedJSE: TFG

TFG: Record gross profit and margin gains offset by lower revenue and EPS; White Stuff UK acquired

· Issued by Foschini Group Limited

Gross profit reached a record R12.8bn with margin up 220 bps, but group revenue fell 1.4% and EPS declined 4.8% year-over-year. Online sales grew 9.9%, and the White Stuff UK acquisition is set to strengthen the portfolio.

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