Foschini Group LimitedJSE: TFG

TFG: Revenue up but profits and margins down; digital and cost actions drive cautious recovery

· Issued by Foschini Group Limited

FY 2026 saw revenue growth but a sharp decline in operating profit and margins due to tough economic conditions, especially internationally. Management is focusing on cost control, digital expansion, and store rationalization, with early signs of margin recovery and a cautious outlook for FY 2027.

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