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South African fashion retailer Truworths' full-year profit slips
Truworths said retail sales fell 0.9% to 21.8 billion rand as higher fuel costs and weak UK demand hurt spending.
- On Thursday, South African fashion retailer Truworths International reported a 2.6% decline in full-year profit, citing a challenging consumer environment that weighed on annual performance.
- Group retail sales declined 0.9% to 21.8 billion rand as higher fuel costs in African business segments squeezed discretionary spending, though gross profit margins remained steady at 51.3%.
- Headline earnings per share fell to 732.2 cents for the 52-week period ended June 28, down from 752.1 cents a year earlier, reflecting weaker full-year performance.
- Truworths cut its final dividend to 153 cents per share from 170 cents, while the Johannesburg-listed stock dropped 4% to $3.02 by 15:05 GMT as investors reacted.
- Trading conditions remain difficult amid weak economic growth and cautious consumer spending, but the group continues to invest in its business and remains well positioned for eventual recovery.
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Truworths annual sales slip to R21.8bn in cautious retail market
Truworths International has reported a challenging year for fashion retail, with group retail sales declining 0.9% to R21.8bn for the 52 weeks ended 28 June 2026, as the retailer navigated changing consumer spending patterns and a more competitive trading environment.
South African fashion retailer Truworths' full-year profit slips
South African fashion retailer Truworths International on Thursday reported a 2.6% decline in full-year profit, in line with its earlier guidance, as a challenging consumer environment weighed on performance.
·London, United Kingdom
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