Cape Town – Lewis Group increased merchandise sales by 4.3% to R2.1 billion in the six months to September 2022 as trading conditions weakened significantly in the second quarter of the financial year. Credit sales grew by 16.4% while cash sales declined by 8.1%, reflecting the pressure on consumer disposable income. The group increased headline…
Cape Town – Lewis Group today reported a strong merchandise sales and operating performance for the year to March 2022 despite weakening retail trading conditions, with headline earnings increasing by 21.2% to R561 million. Headline earnings per share increased by 37.7% to 849 cents, reflecting the positive leverage effect from the group’s aggressive share repurchase…
Cape Town – Lewis Group delivered another strong financial performance in the Covid-19 impacted trading environment for the six months to September 2021 as merchandise sales increased by 20.7% to R1.99 billion and headline earnings grew by 24.5% to R226 million. The group’s headline earnings per share increased by 39.7% to 330 cents due to…
