South Africa s Woolworths expects annual earnings to be more than 20% lower than the prior year, partly impacted by the sale of its David Jones business and as consumers cut down on discretionary. -May 30, 2024 at 02:02 am EDT
- MarketScreener
South African fashion retailer Woolworths reported on Wednesday a 7.5% fall in half-year earnings as consumers pulled back on discretionary spending and as the country s energy and logistics.
While late buyers continue to give it a shot, sentiment on Wall Street remains recession-driven. Dow down -162. (Available for non-subscribers after 10am)