|
MPC
MPC
MPC - Mr Price Group Limited - Trading update for third quarter (Q3 FY2012)
Mr Price Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004418/06)
ISIN: ZAE000026951
Share Code: MPC
("Mr Price Group" or "the Group" or "the company")
TRADING UPDATE FOR THIRD QUARTER (Q3 FY2012)
During the third quarter (2 October 2011 to 31 December 2011) of the
financial year ending 31 March 2012, Mr Price Group recorded sales growth of
15.9% over the comparable period in the prior year (26 September 2010 to 25
December 2010). Group comparable sales grew by 12.5% for the quarter.
Meaningful sales growth was achieved in all three months. Retail selling
price inflation for the period was 4.9% and cash sales constituted 80.1% of
total sales. Weighted average trading space decreased by 0.9%, mostly due to
space reductions earlier in the year. The Group opened 17 stores and closed
three since the end of September 2011, adding a net 10 802 square meters to
its trading area.
The Apparel Division (Mr Price, Mr Price Sport and Miladys), which
represented 73.9% of sales, achieved sales growth for the quarter of 16.9%
with comparable sales growth of 13.0%. The division opened nine stores (Mr
Price Apparel 7 and Mr Price Sport 2) and weighted average trading space
increased by 0.6%. Retail selling price inflation of 4.3% was recorded for
the quarter.
The Home Division (Mr Price Home and Sheet Street) achieved sales growth for
the quarter of 13.0% and comparable sales growth of 11.4%. The division
opened eight stores (Mr Price Home 5 and Sheet Street 3) and weighted
average trading space decreased by 3.5%. Retail selling price inflation of
6.3% was recorded for the quarter.
Collections from debtors were in line with management expectations,
resulting in bad debt levels showing further improvement over that reported
in the interim results to 30 September 2011.
The above-mentioned figures do not constitute an earnings forecast and have
not been reviewed and reported on by the company`s external auditors.
Durban
12 January 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12/01/2012 08:00:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
