Bid Full Year 2024 Earnings: Revenues Disappoint

Bid (JSE:BID) Full Year 2024 Results

Key Financial Results

• Revenue: R225.9b (up 15% from FY 2023).
• Net income: R8.06b (up 17% from FY 2023).
• Profit margin: 3.6% (in line with FY 2023).
• EPS: R24.07 (up from R20.62 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bid Revenues Disappoint

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Consumer Retailing industry in South Africa.

Performance of the South African Consumer Retailing industry.

The company's shares are up 5.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Bid's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.