Woolworths Holdings Limited reported a 5.7 percent increase in group sales for the recent 19-week period. The South African retailer experienced strong performance in its local operations, which grew by 7.4 percent, while its Australian businesses, the Country Road Group and David Jones, saw more modest gains.
A significant driver of this growth was the company's online segment. Sales through the on-demand Woolies Dash service surged by 24.2 percent, increasing its contribution to the food division's total revenue. The fashion, beauty, and home division also saw a notable online sales increase of 12.6 percent.
This positive trading update was welcomed by investors, leading to a 7.7 percent rise in the company's share price on the Johannesburg Stock Exchange. The results indicate resilience amid ongoing economic pressures on consumers.
A significant driver of this growth was the company's online segment. Sales through the on-demand Woolies Dash service surged by 24.2 percent, increasing its contribution to the food division's total revenue. The fashion, beauty, and home division also saw a notable online sales increase of 12.6 percent.
This positive trading update was welcomed by investors, leading to a 7.7 percent rise in the company's share price on the Johannesburg Stock Exchange. The results indicate resilience amid ongoing economic pressures on consumers.
