JOHANNESBURG - Food and clothing group Woolworths expects headline earnings to improve, despite tougher trading conditions.
The group expects headline earnings per share to rise by between 2.5% and 7.5%.
While turnover and concession sales increased for the 52 weeks to June, growth is expected to slow down in the second half.
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Woolworths Food outperformed the market, but Fashion, Beauty and Home struggled with weaker demand and increased promotions.
Country Road Group returned to full-year profitability, driven by cost cuts and stronger full-price sales.
The group also bought back shares under its buyback programme.