The Foschini Group

Third quarter trading update: turnover +4.5% y/y in Q3 ’24. This compares to +17.3% growth in the same period a year ago. TFG Africa +5.1%, TFG London -3%, TFG Australia -7.3%, Online +29.2% (9% of group turnover). Inflation & interest rates impacting sales. Loadshedding & ports caused inventory delays. London & Australia off high base (post Covid recovery)
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