Foschini Group LimitedJSE: TFG

TFG: Sales up 12.7% but EPS and HEPS expected down 20–25% on margin and cost pressures

· Issued by Foschini Group Limited

Group sales rose 12.7% year-over-year to R29.2 billion, with online sales up 55.3% and White Stuff acquisition boosting UK performance. EPS and HEPS are expected to decline 20–25% due to margin contraction and higher finance costs.

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