MPC
MPC
Mr Price Group Limited - Trading update
Mr Price Group Limited
Incorporated in the Republic of South Africa)
(Registration number 1933/004418/06)
Share Code: MPC
ISIN: ZAE000026951
("The Mr Price Group" or "the Group")
The Mr Price Group today reported that sales for the third quarter ending 24th
December 2005 grew by 20,7% on the comparable period of the previous year.
The Apparel Chains (Mr Price, Miladys) grew sales by 15,7% for the quarter while
the Home Chains (Mr Price Home, Sheet Street) grew sales by 33,6%. The third
quarter reflected selling price inflation of 9,1%. Inflation of 5,3% in the
Apparel Chains and 19,4% in the Home chains was recorded, mainly as a result of
changes in merchandise mix.
Comparable store sales growth for the Group for the third quarter was 13,7% with
comparable sales of 12,9% in the Apparel Chains and 15,6% in the Home chains.
The Group increased sales by 18,6% in the month of December with comparable
store sales increasing by 12,8% in that month.
The positive trading environment has benefited all operating chains and this is
expected to continue into the final quarter. Sales for the first three weeks of
January have been good and after excluding the impact of the 53rd week, the
group is on track to deliver improved profitability on last year"s restated
headline earnings of 103,7 cents.
Durban
17 January 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/01/2006 12:16:40 PM Produced by the JSE SENS Department
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