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![SAValueInvestor Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1636725440193654786.png) Martin Rodgers, CFA [@SAValueInvestor](/creator/twitter/SAValueInvestor) on x 3732 followers
Created: 2024-02-28 07:33:26 UTC

Woolies $JSEWHL first half results out this morning:

Share price dropped over X% on the results!

- Revenue R37.93 billion, +5.8% y/y
- Turnover R37.5 billion, +5% y/y

Food segment doing the heavy lifting with revenue R22.44 billion, +8.2% y/y

- Pretax profit R2.5 billion, -XX% y/y
- Net income R1.82 billion, -XX% y/y
- Headline earnings per share R2.033 vs. R2.199 y/y
- Interim dividend per share R1.480 vs. R1.585 y/y

Management commentary:

"Outlook for the rest of the financial year is expected to remain challenging; whilst inflation is expected to ease gradually, interest rates across both geographies are likely to remain elevated, placing continued pressure on consumer disposable income."

Company has a X buys, X holds and X sells with an average price target of R79.86 (23.4% upside from last price).

![](https://pbs.twimg.com/media/GHaE7kQXIAAT_tw.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1762742794244767794/c:line.svg)

**Related Topics**
[quarterly earnings](/topic/quarterly-earnings)
[$jsewhl](/topic/$jsewhl)

[Post Link](https://x.com/SAValueInvestor/status/1762742794244767794)