MR PRICE GROUP LIMITED - Trading Update To 28 August 2012
MPC 201208300033A
Trading Update To 28 August 2012
Mr Price Group Limited
Registration number 1933/004418/06
Incorporated in the Republic of South Africa
ISIN: ZAE 000026951
JSE share code: MPC
("Mr Price" or "the company" or "the group")
TRADING UPDATE TO 28 AUGUST 2012
For the first four months of the financial year ending 30 March
2013 (18 weeks to 4 August 2012), Mr Price reported total sales
growth of 14.9% and comparable sales growth of 9.5%. Units sold
increased by 9.7% and inflation of 4.7% was recorded. The
company opened 24 and closed 5 stores since year end. Total and
weighted average trading space increased by 3.5% and 1.8%
respectively. Cash sales constituted 78.5% (LY: 81.2%) of total
sales. Total sales growth of 14.6% has been recorded for the
period ended 28 August 2012.
The Apparel Division, which represents 71.6% of group sales and
which comprises Mr Price, Mr Price Sport and Miladys, reported
sales growth for the period of 15.0% and comparable sales growth
of 9.3%. Units sold increased by 9.7% and inflation of 4.9% was
recorded. Total and weighted average trading space increased by
4.6% and 2.7% respectively.
The Home Division, comprising Mr Price Home and Sheet Street
recorded sales growth of 14.4% and an increase in comparable
sales of 10.1%. Units sold increased by 10.0% and inflation of
4.1% was recorded. Total and weighted average trading space
increased by 1.7% and 0.3% respectively.
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
30 August 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 30/08/2012 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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