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Massmart 13-week total sales up 9.5% y/y
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Massmart has stronger start than expected
Zeenat Moorad 2 May 2014
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Massmart 46-wk sales up 8.3% to R59.7bn
15 Nov 2013
Comparable store sales increased by 7.3%.
Total (and comparable) sales growths for each division for the 26-week period, and the financial year-to-date inflation rates, for Massdiscounters grew by 14.4% (9.0% comparable) with deflation of 8.2%; for Masswarehouse grew by 10.7% (7.8%) with deflation of 1.2%; for Massbuild grew by 18.6% (11.8%) with inflation of 0.3%; and for Masscash grew by 12.4% (4.2%) with deflation of 1.3%.
Massmart's reviewed interim financial results for the 26 weeks to December 2010 will be released on 24 February.
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