The Foschini Group (TFG) Q4 2026 TU earnings summary

Executive summary

• Q4 to date sales in Africa grew 7.6% year-over-year, with year-to-date sales up 5.2% and strong online and value-added revenue growth.

• London sales rose 3.4% in Q4 to date (GBP), with year-to-date sales up 31.0% including White Stuff; excluding White Stuff, sales grew 0.4% year-to-date.

• Australia sales were flat in Q4 to date and declined 1.4% year-to-date (AUD).

Financial highlights

• Gross margin in Africa normalized since January but did not recover losses from earlier in the year, including peak season.

• Both EPS and headline EPS are expected to decline by more than 20% year-over-year for FY2026.

Outlook and guidance

• Geopolitical uncertainty is expected to keep input costs high and consumer sentiment cautious.

• Management is focusing on cost discipline and operational efficiencies to mitigate headwinds.

• Further trading statement with earnings ranges will be published before annual results in June 2026.