Cape Town – Lewis Group delivered a strong trading and financial performance in a weak retail environment as operating profit increased by 54.1% to R477 million and the group’s operating margin expanded by 600 basis points from 14.2% to 20.2% for the six months to September 2024. The furniture retail group increased headline earnings by 41.6% to…
Cape Town – Lewis Group delivered a resilient performance in a weak retail trading environment in the year to March 2024 as operating profit increased by 13.1% to R690 million. The group reported continued strong credit sales growth, improved margins, robust growth in the debtors’ book and an all-time high level of satisfactory paying customers.…
Cape Town – Lewis Group today reported strong credit sales growth and a resilient debtors’ book performance for the six months to September 2023, while the group’s cash sales reflect the pressure on cash-strapped South African consumers. Earnings were 6.2% lower at R195 million while earnings per share increased by 2.6% to 355 cents per…
