The Foschini Group

TFG’s group sales declined by -3.5%, with TFG Africa down -1%, TFG Australia falling -5.5%, and TFG London dropping -12.7%. Late onset Winter locally blamed. TFG’s group gross margin improved by over 100 basis points, despite the drop in sales. Group online sales rose by +7.8%. Cash sales now represent 73% of TFG Africa’s sales and 81.2% of the group total | Results due 8 November 2024 | Outlook optimistic due to expected interest rate cuts and potential economic improvements in South Africa and Australia.
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