Advertise with

AVI sales performance ‘sound in tough trading environment’
AVI sales performance ‘sound in tough trading environment’

AVI sales performance ‘sound in tough trading environment’

MARKETING NEWS - Jul 22nd 2015, 09:29

AVI’s headline earnings per share are expected to increase by between 9% and 10% to between 418c and 422c in the year ended June 30 2015 from the previous year’s 383.6c, the consumer products company said in a voluntary trading update on Tuesday. 

The overall sales performance for the year was "sound in a tough trading environment", with the group realising higher selling prices in all categories following significant accumulated cost pressure from the weaker rand, the company said.

I&J’s export revenue benefited from rand weakness, while Indigo’s total revenue declined following the revision of trading terms with Coty and the consequent exclusion of Coty product sales revenue from group revenue, AVI said.

Entyce and Snackworks delivered "moderate gains" in gross profit margins, while Spitz maintained strong gross profit margins. Green Cross made progress in the second semester with better margins.

AVI is expected to release its results on or about September 7.

From DFM Publishers (Pty) Ltd 

Read more about: entyce | avi

Related News

AVI earnings slip as consumer spending remains constrained
09/09/2019 - 09:33
Consumer goods group AVI, whose brands include footwear retailer Spitz and Five Roses tea, trimmed its final dividend 4% in the year to end-June as it continued to feel the pinch from a constrained consumer environment.

AVI hit by constrained consumer spending
13/03/2019 - 12:42
Food and beverage company AVI Limited felt the pinch of constrained consumer spending as income from its shoe brands Green Cross and Spitz slid in the half year to December, resulting in revenue in the footwear and apparel category declining by 9.2 percent to R1.14billion.

Spitz owner AVI says footwear sales walked all over its results
12/03/2019 - 10:27
AVI, whose brands include Bakers biscuits and seafood business I&J, said on its footwear businesses struggled the most in the six months ended December.

Shares in Five Roses owner plummet after dismal trading update
28/01/2019 - 08:56
Fast moving consumer goods group AVI warned shareholders that its interim sales were flat and its headline earnings would decline by up to 7%.

AVI aims to resole Green Cross
13/03/2018 - 08:11
Consumer brands giant AVI, which performed commendably in the half-year to end-December, is determined to reboot its footwear division.