The Daily Update: 22 August

The latest updates from the JSE and NYSE over the past 24 hours.

South Africa

Woolworths Holdings Limited

• EPS is expected to grow by between 30% and 40%.
• HEPS is expected to grow by between 25% and 35%.

Aveng Limited

• Revenue of R28.9 billion (compared to R22.5 billion in 2022).
• Operating loss of R1.06 billion (compared to operating earnings of R360 million in 2022).
• Loss for the year of R1.28 billion (compared to earnings of R130 million in 2022).
• Loss per share of 1,017 cents (compared to earnings per share of 106 cents in 2022).

The Bidvest Group Limited

• Basic EPS is expected to grow by between 15% and 19%.
• HEPS is expected to grow by between 22% and 26%.

Spur Corporation Limited

• Franchised restaurant turnovers increased by 23.0% to R9.520 billion.
• Earnings per share increased by 80.2% to 260.03 cents.
• Revenue increased by 27.4% to R3.045 billion.
• Dividend per share: 192 cents (compared to 127 cents in 2022).
• Profit before income tax increased by 51.9% to R318.4 million.
• Headline earnings per share increased by 81.1% to 261.18 cents.
• Unrestricted cash and cash equivalents for the year increased by 28.9% to R374.8 million.
• South African volume growth led by the Spur brand, which increased restaurant sales by 24.9%.
• International franchised restaurant sales increased by 27.6%.
• Plans to open 41 new restaurants in South Africa and 12 internationally in the new financial year.