Advertise with fastmoving.co.za
 
 

EARNINGS NEWS ON FASTMOVING

Subscribe to earnings

Mr Price Group's shares rally on annual results

Mr Price Group's shares rally on annual results

31/05/2019 - 10:16
Mr Price Group’s shares opened sharply higher after the company raised its annual dividend thanks to better earnings. read more
Pepkor says market-share gains boosted half-year earnings

Pepkor says market-share gains boosted half-year earnings

29/05/2019 - 09:34
Pepkor, which owns the Pep and Ackermans brands, says sales and earnings rose in the six months to end-March thanks partly to market-share gains in clothing and merchandise. read more
Tiger Brands reports lower sales in wake of the listeriosis crisis

Tiger Brands reports lower sales in wake of the listeriosis crisis

22/05/2019 - 09:29
Tiger Brands, which was named as the culprit in the 2018 listeriosis outbreak, says sales in the six months to end-March edged lower because of a slump in processed-meat sales and weak revenues from outside SA. read more
Spar lifts dividend after 'strong' interim performance

Spar lifts dividend after 'strong' interim performance

15/05/2019 - 08:53
Spar Group has hiked its half-year payout to shareholders by 5.2% on the back of “a strong performance” in the six months to end-March. read more
Pepkor says half-year earnings rose up to 54.1%

Pepkor says half-year earnings rose up to 54.1%

14/05/2019 - 08:48
Pepkor, previously Steinhoff Africa Retail, said that its half-year earnings rose by up to 54.1%. read more
Clicks says private-label products boosted interim earnings

Clicks says private-label products boosted interim earnings

17/04/2019 - 09:59
Clicks Group says it grew headline earnings by 12.9% to R763.3m in the six months to February thanks in part to better sales of its private-label products and higher profits from its distribution business. read more
Tiger Brands set to bounce back in 2019

Tiger Brands set to bounce back in 2019

15/01/2019 - 11:47
Tiger Brands, which lost R1.4bn in revenue in financial 2018 due to listeriosis, looks set to bounce back from the deadly outbreak, with revenue and earnings to rise steadily in the next three years, according to brokerage firm Arqaam Capital. read more
Superdry half-year profits drop by 49%

Superdry half-year profits drop by 49%

13/12/2018 - 10:13
Superdry has revealed a massive drop in underlying profit in its interim results despite an uptick in overall revenue, as the fashion retailer conceded it had a “difficult first half”. read more
Target enjoys strongest sales growth since 2005

Target enjoys strongest sales growth since 2005

04/09/2018 - 14:57
Retailer Target reported a 6.5 percent same-store sales spike in the latest quarter, its biggest growth in 13 years. read more
Are Shoprite's glory days over?

Are Shoprite's glory days over?

24/08/2018 - 14:42
Supermarket giant Shoprite has announced its first earnings decline in 18 years — but it remains upbeat about its prospects. read more
Times are tough — but not for Distell

Times are tough — but not for Distell

24/08/2018 - 13:38
Distell’s 29% jump in net profit for the year to end-June demonstrated once again that when times get tough, the tough get laagered. read more
Restructuring costs take large bite out of Massmart’s profits

Restructuring costs take large bite out of Massmart’s profits

23/08/2018 - 11:41
Massmart cut its interim dividend by 10.5% to 68c for the first half of its 2018 financial year from 76c in the corresponding period. read more
Shoprite faced more robberies over the past year - CEO

Shoprite faced more robberies over the past year - CEO

23/08/2018 - 09:01
Shoprite Holdings was hit by an increase in armed robberies over the past financial year, according to CEO Pieter Engelbrecht. read more
Woolworths posts R3.5bn loss on R7bn David Jones impairment

Woolworths posts R3.5bn loss on R7bn David Jones impairment

23/08/2018 - 08:55
The R6.9bn impairment of Australian department store chain David Jones knocked Woolworths into a loss of R3.5bn for its 2018 financial year, from a profit of R5.4bn in the prior year, it reported. read more
Clover’s earnings to rocket

Clover’s earnings to rocket

13/08/2018 - 09:41
Clover’s share price climbed 4.11% after it said it expected a threefold increase in full-year headline earnings per share.  read more
TFG appoints new chief finance officer

TFG appoints new chief finance officer

01/08/2018 - 20:45
Ntuli leaves Grindrod Freight Services to take up the role in September when Anthony Thunström become CEO of TFG. read more
Danone keeps its growth outlook despite Morocco boycott

Danone keeps its growth outlook despite Morocco boycott

31/07/2018 - 13:55
Danone is counting on baby food sales in China to help power annual earnings higher despite setbacks in Morocco and Brazil that slowed second-quarter sales, the French food group said. read more
Massmart shares surge on surprise results

Massmart shares surge on surprise results

23/07/2018 - 08:10
Retailer Massmart’s share price jumped almost 9% after the group reported a better than expected performance for the half-year to end-June. read more
David Jones impairment to send Woolworths into the red

David Jones impairment to send Woolworths into the red

19/07/2018 - 13:44
Woolworths will report a loss due to the impairment of its Australian department store chain David Jones. read more
Mr Price cuts final dividend despite double-digit profit growth

Mr Price cuts final dividend despite double-digit profit growth

08/06/2018 - 09:32
After generously raising its interim dividend by 22%, Mr Price cut its final dividend by 6%. read more
Massmart braces for bleak interim earnings

Massmart braces for bleak interim earnings

25/05/2018 - 09:06
Interim profit could fall by nearly 70%, thanks to restructuring costs, the Walmart-owned retailer says. read more
H&M's pile of unsold garments grow as earnings plunge

H&M's pile of unsold garments grow as earnings plunge

28/03/2018 - 08:33
Swedish fashion retailer Hennes & Mauritz said it’s increasing markdowns this quarter after accumulating a record pile of unsold garments worth more than $4bn. read more
Listing helps boost Sea Harvest profit

Listing helps boost Sea Harvest profit

07/03/2018 - 16:03
Sea Harvest, the recently listed fishing enterprise controlled by Brimstone Investment Corporation, netted a sizeable profit haul in the year to end-December. read more
Shoprite share reaches a record high

Shoprite share reaches a record high

27/02/2018 - 08:40
The Shoprite share price touched an all-time high of R263 in early trade on Monday before easing back to close at R256.99 just as the group announced interim results and a 14.2% hike in diluted headline earnings per share to 525.2c. An interim dividend of 205c a share was declared, up 13.9% on the previous interim period. read more
Italtile bucks trend as turnover soars

Italtile bucks trend as turnover soars

08/02/2018 - 13:54
Italtile saw trading profit leap as turnover soared in the six months to December 2017, despite consumer sentiment in SA being "by and large down".  read more
Strong global demand for Cape hake helps Sea Harvest shares

Strong global demand for Cape hake helps Sea Harvest shares

05/02/2018 - 14:44
Sea Harvest’s share price rose 4% on Monday, on the expectation of improved performance in SA, driven by strong market demand for Cape hake globally and the performance of investments the group has made in Saldanha Bay processing plants. read more
Italtile asset sales top up profit

Italtile asset sales top up profit

01/02/2018 - 08:25
Italtile expects headline earnings per share for the six months to December to rise as much as 5.8% but warned that basic earnings per share might fall. read more
Shares in Mr Price benefit from upbeat announcement

Shares in Mr Price benefit from upbeat announcement

07/11/2017 - 10:21
Retail group Mr Price’s share price jumped 11% to R169.99 on Tuesday morning after it said interim earnings grew by up to 25%. read more
Pick n Pay posts surprisingly strong profit growth, in face of retrenchment costs

Pick n Pay posts surprisingly strong profit growth, in face of retrenchment costs

17/10/2017 - 08:33
Despite its warnings that its staff reduction programme would cause headline earnings to fall, Pick n Pay posted an impressive 15% growth in after-tax profit and raised its interim dividend by 12%. read more
Pick n Pay shares drop after warning retrenchment costs will eat into earnings

Pick n Pay shares drop after warning retrenchment costs will eat into earnings

03/10/2017 - 08:47
Retailer Pick n Pay’s share price fell more than 1% on Monday afternoon after it warned shareholders that retrenchment costs would drag down its interim headline earnings per share (HEPS) by a slightly bigger margin than previously estimated. read more
Mr Price says clothing division is stealing back market share

Mr Price says clothing division is stealing back market share

01/09/2017 - 10:34
Clothing and homeware retailer Mr Price says it is making headway in its attempt to regain market share lost by its clothing units, MRP Apparel and Milady’s. read more
Shoprite powers ahead in tough conditions

Shoprite powers ahead in tough conditions

24/08/2017 - 14:55
Shoprite’s result for the financial year to July 2 contained good news for everyone except its competitors. For management and shareholders, the good news included a 12% rise in diluted headline earnings and a 11.5% increase in dividends. read more
Sea Harvest triples first-half headline earnings

Sea Harvest triples first-half headline earnings

23/08/2017 - 14:00
Sea Harvest has tripled its first-half headline earnings as a result of the improved performance in its South African operations. read more
Pick n Pay profit slumps as retailer forks out for retrenchment plan

Pick n Pay profit slumps as retailer forks out for retrenchment plan

31/07/2017 - 11:47
Pick n Pay said it expects half-year headline earnings per share (Heps) to be down over 20%, after a voluntary severance programme in April 2017 saw the retailer cut back 10% of its roles and functions. read more
Stronger rand takes bite out of Brait’s dividend

Stronger rand takes bite out of Brait’s dividend

13/06/2017 - 14:47
Brait cut its dividend by 42.65% to 78.15c as a stronger rand against the pound and tough retail conditions in the UK took their toll on its net asset value. read more
Clothing retailers at the sharp end of SA's political and economic turmoil

Clothing retailers at the sharp end of SA's political and economic turmoil

12/06/2017 - 10:12
Results from apparel retailers in the past month have made it abundantly clear that South African household consumption is slowing down. read more
Mr Price: what went wrong at SA's retail darling

Mr Price: what went wrong at SA's retail darling

09/06/2017 - 09:43
When Mr Price posted its full-year results last week, its share price rose nearly 4% — and spiked to an even higher level in the course of the day. This was in spite of it posting a 12% drop in earnings. read more
Tongaat’s earnings growth in line with expectations

Tongaat’s earnings growth in line with expectations

30/05/2017 - 13:09
Tongaat Hulett on Monday reported a 44.6% rise in headline earnings to R982m, which was in line with its recent guidance. read more
Clover drops after earnings warning

Clover drops after earnings warning

30/05/2017 - 09:38
The company's higher input costs are behind the expected 65% decline. read more
Tiger Brands to be vigilant on continent

Tiger Brands to be vigilant on continent

26/05/2017 - 10:49
CEO says pursuit of diversification led to loss of focus.  read more
International business weighs on Tiger Brands

International business weighs on Tiger Brands

25/05/2017 - 08:29
Fast moving consumer goods group Tiger Brands on Thursday reported a 7% increase in interim headline earnings per share (HEPS) to R10.36 for the period to end-March. read more
Pioneer Foods profit halves as it takes a knock from maize deal

Pioneer Foods profit halves as it takes a knock from maize deal

22/05/2017 - 09:52
Pioneer Foods has posted a 47% drop in first-half adjusted headline earnings to R470m as higher input costs knocked its domestic essential foods and grocery divisions. read more
Tongaat expects earnings to rise after sugar operations rebound

Tongaat expects earnings to rise after sugar operations rebound

19/05/2017 - 13:02
Tongaat Hulett expects its full-year headline earnings to rise by up to 45%, helped by the rebound in the performance of its sugar operations, which compensated for a weak performance in the starch operations and the land management and development arm. read more
Famous Brands shares fall 2.96%

Famous Brands shares fall 2.96%

18/05/2017 - 10:31
The owner of Steers, Debonairs and Tashas warns headline earnings for the year will be between 15% and 25% lower. read more
Below-forecast earnings erode Pick n Pay shares

Below-forecast earnings erode Pick n Pay shares

25/04/2017 - 11:25
While local grocers have in general seen a decline in their share prices in the past month, Pick n Pay has been hit the hardest. read more
Oceana sinks more than 3% after warning of decline

Oceana sinks more than 3% after warning of decline

24/04/2017 - 15:30
The group has suffered a decrease in canned fish sales blamed on ‘timing of buy-in effects ahead of price increases’. read more
Nike eCommerce growth slows in Q3

Nike eCommerce growth slows in Q3

23/03/2017 - 15:18
The footwear maker and multichannel retailer's 18% increase in digital sales in fiscal Q3 is less than half of the 40%+ year-over-year growth rates in recent quarters. read more
Tiger Brands ‘solid’ but Pioneer sees profit drop

Tiger Brands ‘solid’ but Pioneer sees profit drop

24/02/2017 - 14:49
Drought hits Pioneer’s earnings, while a ‘solid domestic market’ saves Tiger Brands from weak trading conditions across Africa. read more
New Look drags Brait down

New Look drags Brait down

15/02/2017 - 13:31
New Look was the ugly stain in Brait’s trading update for the quarter to December 2016, as the UK clothing retailer’s valuation fell R10bn following a 42% drop in the previous quarter. read more
TFG crosses R1bn mark in interim headline earnings

TFG crosses R1bn mark in interim headline earnings

11/11/2016 - 08:53
Apparel retailer TFG’s interim headline earnings exceeded R1bn for the first time — a result that CEO Doug Murray said was achieved through diversification, international expansion, discipline and cost control. read more
 Cashbuild cashes in, sees strong rise in earnings

Cashbuild cashes in, sees strong rise in earnings

31/08/2016 - 08:44
CASHBUILD is cashing in on being Southern Africa’s largest retailer of building materials and associated products, selling directly to cash and card-paying customers through 284 stores in SA, Namibia, Lesotho, Botswana, Swaziland, and Malawi. read more
Macy's to shutter 100 stores, stock soars

Macy's to shutter 100 stores, stock soars

12/08/2016 - 10:02
Macy’s said on Thursday that it will close 100 full-line stores by early 2017, targeting locations where the value of the real estate exceeds their value as retail stores. Macy's will announce which specific stores will close at a later date, but said associates displaced by the closings may be offered positions in nearby locations. Eligible full-time and part-time associates laid off due to store closings will be offered severance benefits, the retailer added.  read more
Amazon shatters Q2 expectations, posts record sales

Amazon shatters Q2 expectations, posts record sales

02/08/2016 - 15:42
Amazon reported on Thursday the second quarter 2016 net sales of $30.4 billion, up 31% from $23.2 billion in the second quarter of 2015—the online retail giant’s fifth consecutive quarter in the black, and its third all-time profit milestone in as many quarters. read more
Pick n Pay posts drop in profit

Pick n Pay posts drop in profit

18/04/2012 - 15:02
Johannesburg - South Africa’s No2 food retailer, Pick n Pay Stores [JSE:PIK], reported a 15% fall in full-year profit on Wednesday, missing expectations, hit by costs related to its shopper loyalty programme and investments in its supply chain. read more
Better weather, prices boost Crookes’ earnings

Better weather, prices boost Crookes’ earnings

30/11/2011 - 09:48
Crookes Brothers, the listed agricultural group, reports a 172% jump in diluted headline earnings read more
Illovo ups revenue, warns on output

Illovo ups revenue, warns on output

23/11/2011 - 08:39
Johannesburg - Illovo Sugar [JSE:ILV] posted a 12% rise in first-half earnings on Wednesday helped by currency weakness and cost cutting but said output was still struggling to recover from a 2010 drought in KwaZulu-Natal province. read more
Nampak full year earnings seen higher

Nampak full year earnings seen higher

21/11/2011 - 08:14
Nampak has advised that its headline earnings per share from continuing operations for the year ended September are expected to be between 15% and 25% higher than the 142.2c per share in 2010. read more
Nampak forecasts higher profits

Nampak forecasts higher profits

08/11/2011 - 08:59
Packaging group Nampak (NPK) advised on Monday that its headline earnings per share for the year ended September 2011 from continuing operations, are expected to be between 15% and 25% higher than the 142.2 cents per share in 2010. read more
Tongaat earnings seen easing

Tongaat earnings seen easing

07/11/2011 - 10:14
Johannesburg - Sugar producer Tongaat Hulett [JSE:TON] advised on Friday that its headline earnings per share for the half-year ended September 2011 are expected to be 474 cents per share compared with 482c for the six months to September 2010. read more
Mondi earnings surge

Mondi earnings surge

29/07/2011 - 09:07
Johannesburg - Paper maker Mondi posted 59% rise in first-half earning on Thursday helped by strong sales, but said uncertainties in demand growth remained a concern. read more
Mondi sees higher earnings

Mondi sees higher earnings

22/07/2011 - 10:49
Johannesburg - Paper maker Mondi said on Friday it expects its first-half earnings to be higher than those reported a year earlier. read more
Shoprite says turnover up 7,3%

Shoprite says turnover up 7,3%

18/07/2011 - 15:02
Shoprite Checkers says it has increased turnover by 7,3% for the year to June 2011, pushing earnings to date to about R72,3bn, compared to the corresponding 12 months of last year. read more
Demand for Nike brand still strong

Demand for Nike brand still strong

28/06/2011 - 08:00
New York - Nike Inc reported stronger-than-expected quarterly earnings on Monday as a 14% increase in revenue helped offset higher costs, and orders showed surprising strength for the future. read more
AVI sees earnings rise of at least 23%

AVI sees earnings rise of at least 23%

23/06/2011 - 12:00
Johannesburg - Consumer group AVI expects consolidated headline earnings per share for the year to June to increase by between 23% and 33%, compared with the previous year.  read more
Credit-shy Edcon posts solid results

Credit-shy Edcon posts solid results

07/06/2011 - 10:30
Edcon, the owner of Edgars, Jet and CNA, will continue to be conservative in its credit granting policy, unlike competitors who have become, in a low interest rate environment, more aggressive in pushing credit. read more
Nampak lifts profit, shares rise

Nampak lifts profit, shares rise

25/05/2011 - 13:23
Johannesburg - Africa’s biggest packaging group Nampak posted an 18% rise in first-half profit helped by a robust performance from its European and sub-Saharan operations, sending its shares up more than 2%. read more
 Rainbow Chicken earnings up

Rainbow Chicken earnings up

24/05/2011 - 07:28
Poultry producer Rainbow Chicken on Monday reported diluted headline earnings per share (HEPS) of 126.3 cents for the six months ending in March from 119.7 cents a year ago. read more
Verimark beats retail sector

Verimark beats retail sector

23/05/2011 - 07:47
Johannesburg - Direct response retailer Verimark Holdings on Monday reported a 154% leap in headline earnings per share to 31.5 cents for the year ended February 2011. read more
Pioneer posts sharp profit hike

Pioneer posts sharp profit hike

23/05/2011 - 07:39
Johannesburg - Pioneer Food Group posted a sharp rise in first-half profit on Monday and said it sees a tough trading environment ahead as input costs rise and consumer spending patterns remain uncertain. read more
SABMiller’s profit floats higher on strong volume growth

SABMiller’s profit floats higher on strong volume growth

20/05/2011 - 10:24
SABMiller’s South African subsidiary, SAB, posted strong results in the year to March as both lager and soft drink volumes increased and a new business strategy launched in 2009 gained traction. read more
Cargo Carriers earnings down

Cargo Carriers earnings down

20/05/2011 - 09:16
Johannesburg - Logistics and transport company Cargo Carriers [JSE:CRG] on Friday report a decline in headline earnings per share (Heps) to 48.5 cents for the year ended February 2011 from 118.8 cents a year ago.  read more
Emerging markets boost SABMiller

Emerging markets boost SABMiller

19/05/2011 - 11:22
London - Strong growth in the emerging markets of Africa, Asia and Latin America helped brewing giant SABMiller beat forecasts with a 19% rise in annual earnings while Europe and North America proved tougher. read more
Richemont profit up 63%

Richemont profit up 63%

19/05/2011 - 07:53
Johannesburg - Swiss based luxury goods group Richemont on Thursday reported a 79% rise in diluted earnings per share from continuing operations to €1.8925 from €1.076 previously.  read more
Astrapak's earnings subdued

Astrapak's earnings subdued

11/05/2011 - 09:56
Astrapak's fully diluted headline earnings per share plunged 37.1% year on year for the year to February to 73.5c from 116.9c. For the year under review, the packaging group's turnover grew to R2.71 billion from R2.61 billion. read more