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Massmart's 26-week sales rise 13.3% to R27.5bn

12 Jan 2011

Massmart Holdings reported on Wednesday, 12 January 2011, that total sales for the 26 weeks to December 2010 increased to 27.5 billion rand, representing growth of 13.3% over the prior 26-week period, with year-to-date deflation estimated at 2.9%.

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.

Source: I-Net Bridge

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