TAS - Taste Holdings Limited - Voluntary Sales Update
TAS
TAS
TAS - Taste Holdings Limited - Voluntary Sales Update
TASTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/002239/06)
JSE code: TAS
ISIN: ZAE000081162)
("Taste" or "the company")
VOLUNTARY SALES UPDATE
Taste is pleased to report that both its Food and Jewellery divisions
experienced system-wide sales growth for December 2010 when compared to
December 2009. The Food division, which consists of Scooters Pizza, Maxi`s
and St Elmo`s; grew system-wide sales by 30% over December 2009. Same-store
sales exceeded expectations with growth of 6% despite price reductions in the
Pizza division (Scooters Pizza & St Elmo`s) over the December 2009 period.
January same-store sales have continued the positive trend with a further
increase of over 6% anticipated for January, over the comparable period in
2010.
The Jewellery division, consisting of NWJ, grew system-wide sales by 10.7%
when compared to December 2009. This is particularly pleasing as it is off a
positive increase of 7% in December 2009 over December 2008. Same-store sales
in this category were as expected due to delayed consumer spending as
consumers took advantage of post-Christmas sales. As such, same-store sales
for December 2010 declined 2.5% over the 2009 period, while January 2011 same-
store sales are anticipated to increase 7% over January 2010.
Johannesburg
31 January 2011
Designated Adviser
Vunani Corporate Finance
Date: 31/01/2011 13:18:01 Produced by the JSE SENS Department.
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