Tiger Brands Limited provided earnings guidance for the year ended September 30, 2023. The group operating income for the year ended 30 September 2023 will end lower than fiscal year 2022. The ongoing challenges of fully recovering higher input costs persisted in the second half resulting in marginally lower volumes.

Earnings per share (EPS) from total operations for the year ending 30 September 2023 is expected to decline by between -9% and -2% (or between -159 cents and -35 cents) than the 1,762.2 cents reported in fiscal year 2022. Headline earnings per share (HEPS) from total operations for the year ending 30 September 2023 is expected to differ by between -5% and +2% (or between -85 cents and +34 cents) than the 1,702.4 cents reported in fiscal year 2022. The variation of the EPS range when compared to the range provided for HEPS, is due to the non-recurrence of certain capital profit items accounted for in EPS, which were excluded from HEPS, in fiscal year 2022.