Highlights of the day: 16 November

FinMeUp highlights of the day

South Africa

The Spar Group Limited- Results for the year ended 30 September 2022 and cash dividend declaration

• Sale of merchandise grew 6% to R135 609.1 million.
• Operating profit grew 1.1% to R3 428.7 million.
• EPS fell 4.9% to 1 118.2 cents per share.
• The company declared a gross final cash dividend of 225.0 cents per share which will be paid on Monday, 12 December 2022.

Woolworths Holdings Limited- Trading statement for 26 weeks ending 25 December 2022

• Turnover and concession sales grew 23.3%.
• Brick-and-mortar sales in Australia grew substantially and contributed 10.1% to the Groups total turnover and concession sales.
• The company expects the EPS for the 26 weeks ended 25 December to be more than 20% higher than the EPS reported in the prior period.

Mediclinic International plc- Half-year results for the six months ended 30 September 2022

• Group revenue increased by 10% compared with 1H22.
• Group adjusted EBITDA decreased by 1% compared with 1H22.
• Adjusted earnings per share decreased by 15% compared with 1H22.

Tiger Brands Limited- Trading statement

• EPS from total operations for the year ended 30 September 2022 is expected to be between 52% and 57% higher.

Argent Industrial Limited- Results and Dividend Declaration for the 6 Months Ended 30 September 2022

• Revenue grew 13.5% to R1 203 401 000.
• EBITDA grew 19.5% to R170 044 000.
• Basic EPS grew 28.2% to 182.7 cents per share.
• The directors of the company have declared and approved an interim gross dividend of 45 cents per share which will be paid on Monday, 23 January 2023.

The U.S.

Meta

• Meta has said that the head of WhatsApp has resigned.
• Meta also said that the India head of public policy has resigned and will take up a similar position at Samsung.

Twitter

• Twitter is moving the relaunch of Twitter blue verified to November 29th.

Nike

• Nike have increased their quarterly cash dividend to $0.340 per share from $0.305 per share.

Walmart

• Walmart has agreed to pay $3.1 billion to settle opioid-crisis lawsuits brought by several U.S. states and municipalities.

Sea Limited

• Sea Limited has fired more than 7,000 employees or around 10% of its workforce over the last 6 months.

Target earnings

• EPS if $1.54 missing expectations of $2.13.
• Revenue of $26.52B beating expectations of $26.38B.

Airbnb

• Airbnb now has more than 4 million hosts on its platform.