RCL FOODS advised that it expects its headline earnings per share from total operations* for the financial year ending June 2024 to be at least 75.0% higher than the reported HEPS of 68.3 cents for period ended June 2023, an increase of at least 51.2 cents per share. The expected improvement in headline earnings is driven largely by Rainbow and Groceries. Earnings per share from total operations for the current period is expected to be at least 125.0% higher than the reported EPS of 69.3 cents for the prior period, an increase of at least 86.6 cents per share.

The Group's financial results for the current period are expected to be released on SENS on 2 September 2024. A further trading statement will be issued as soon as the Group has a reasonable degree of certainty as to the expected HEPS and EPS ranges for the current period.