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Truworths earnings to be higher
Retail group Truworths International (TRU) anticipates that both basic and headline earnings per share for the 52 week trading period to 28 June 2009 will be between 10% and 15% higher than those reported for the 53 week period to 29 June 2008.
These numbers are 15% and 20% respectively if the effect of the additional trading week in the prior period is excluded, the group said in a trading statement.
"In a challenging trading environment, Group retail sales for the period increased to R6 440 million, 10% above the prior period (12% if the effect of the additional trading week in the prior period is excluded).
Product inflation measured approximately 10%, and trading space at period-end was 12% higher than that at the prior period-end," Truworths stated.
The group's audited results for the period are scheduled to be announced on or about Wednesday 19 August 2009.
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