MSM - Massmart - Sales Update For The 44 Weeks To 3 May 2009
MSM
MSM
MSM - Massmart - Sales Update For The 44 Weeks To 3 May 2009
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000029534
("Massmart" or "the Company")
Sales update for the 44 weeks to 3 May 2009
Today Massmart is hosting an analysts` store visit in the Gauteng region and
is providing the following brief sales update:
For the 44 weeks to 3 May 2009, Massmart`s total sales increased to R36.7
billion, a growth of 11.8% over the prior period, and comparable store sales
grew 9.7%. Inflation for the period is estimated at 11.8%.
Total sales growth for each division for the 44-week period was as follows:
- Massdiscounters grew 12.5% with inflation of 4.6%;
- Masswarehouse grew 12.5% with inflation of 13.4%;
- Massbuild grew 0.3% with inflation of 12.5%; and
- Masscash grew 15.9% with inflation of 16.7%.
In Massdiscounters the recent strength in the South African currency has
reduced the rate of growth of Game`s African stores when reported in Rands,
although this growth remains very strong.
In Masscash the recent change to the BATSA cigarette wholesaling model
reduced total sales growth in that division for the 44-week period by
approximately 4%. For the same reason the Massmart Group total and
comparable sales growths were reduced by approximately 1.3% each.
In line with past practice, during the week of 6 July 2009 Massmart will
release a sales update for the financial year to June 2009.
The above information has not been reviewed or reported on by the Company`s
auditors.
Johannesburg
12 May 2009
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 12/05/2009 07:05:02 Produced by the JSE SENS Department.
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