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LUXE HOLDINGS LIMITED - CANCELLATION OF S452212 Trading Statement

Release Date: 08/10/2021 11:44
Code(s): LUX
Wrap Text
CANCELLATION OF S452212 Trading Statement

LUXE HOLDINGS LIMITED
(Previously Taste Holdings Limited)
Incorporated in the Republic of South Africa
(Registration number: 2000/002239/06)
Share code: LUX
ISIN Code: ZAE000286035
(“Luxe” or “the Company”)



TRADING STATEMENT


In terms of the JSE Limited (“JSE”) Listings Requirements, a listed company is required to
publish a trading statement as soon as it becomes reasonably certain that the financial results
for the next period to be reported on will differ by 20% or more from the financial results for
the prior corresponding period.

Accordingly, the Company hereby advises that a reasonable degree of certainty exists that
for the six-month period ended 31 August 2021:

                       Expected                               Actual results   Actual results
                          range                                   6 months         6 months
                    improvement                                   ended 31         ended 31
                      31 August         Expected range         August 2020      August 2019
                           2021         31 August 2021               (cents)          (cents)
                            (%)                 (cents)

 Loss per            66% to 86%          (34.8) to (14.4)           (101.7)          (383.9)
 share
 Continued           59% to 79%          (31.4) to (16.0)            (77.0)           (60.8)
 operations
 Discontinued        86% to 106%          (3.3) to 1.6               (24.7)          (323.2)
 operations

 Headline            66% to 86%          (34.8) to (14.4)           (101.7)          (385.6)
 loss per
 share
 Continued           43% to 63%          (28.8) to (18.6)            (50.9)           (60.8)
 operations
 Discontinued        88% to 108%          (6.0) to 4.2               (50.8)          (324.8)
 operations

Same store sales performance for the six-month period are +60% on the corresponding
period in 2020 (-8% on 2019). First quarter sales were +338% on the corresponding period
in 2020 with some recovery compared to 2020 at -4% for the quarter. The third wave of Covid-
19, negative consumer sentiment and the rioting and looting in July impacted our second
quarter recovery, -8% compared to 2020 and -13% compared to 2019. September results
were pleasing +5% compared to 2020 and strong recovery compared to 2019 at +13%.

                                              Same store sales 2021 vs 2020
                                       Mar to May   Jun to Aug   Mar to Aug        Sep
 Group                                   338%           -8%          60%            5%
 NWJ                                     176%          -19%          31%           -3%
 Corporate                               163%          -17%          30%            3%
 Franchise                               244%          -25%          32%           -25%
 Arthur Kaplan and Worlds' Finest        518%           -1%          80%            11%
 Watches


                                               Same store sales 2021 vs 2019
                                       Mar to May   Jun to Aug    Mar to Aug        Sep
 Group                                    -4%          -13%           -8%           13%
 NWJ                                     -14%          -18%          -16%           -5%
 Corporate                               -15%          -16%          -15%            2%
 Franchise                               -14%          -26%          -20%           29%
 Arthur Kaplan and Worlds' Finest         4%           -10%           -3%           11%
 Watches


The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company. The results for the six-month period ended 31
August 2021 are expected to be released on SENS no later than 10 November 2021.

Sandton

7 October 2021
Sponsor
PSG Capital 

Date: 08-10-2021 11:44:59
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