Holdsport earnings rise 21.3% in challenging retail landscape
The sport goods retailer on Monday posted a 21.3% rise in core headline earnings per share to 548.7c in the year to February, from a year-earlier period.
The company, which runs the Sportsmans Warehouse and Outdoor Warehouse stores, saw its total sales rise 11.8% to R1.7bn in the review period.
Holdsport’s portfolio also includes Performance Brands, a wholesale business that houses the First Ascent and Capestorm brands.
Group like-for-like retail sales grew 9.4% while the retail divisions experienced price inflation of about 8.1% for the year.
The local retail sector is beset with tough trading conditions, which include low economic growth and rising inflation, which eat into consumers’ disposable income.
Holdsport declared a final dividend of 200c per share, up 21% from a year ago.