Sharenet Sites 
Sharenet Sites
Trading update for third quarter (Q3 FY2014)
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 FY2014)
During the third quarter (29 September 2013 to 28 December 2013) of
the financial year ending 29 March 2014, Mr Price Group recorded
total sales growth of 14.8% and comparable sales growth of 10.5%
over the corresponding period in the prior year (30 September 2012
to 29 December 2012). Sales growth rates were fairly consistent in
each of the three trading months. Retail selling price inflation was
10.8%.
Weighted average trading space increased by 3.3%. During the quarter
the Group opened 37 and closed 3 stores, adding a net 14 385 square
metres to its trading area and ended with 1 075 stores.
The Group’s strategy of focusing on cash sales and curtailing credit
sales growth continued to gain momentum, reflecting increases for
the quarter of 17.0% and 6.0% respectively. Cash sales constituted
81.1% of total sales(LY: 78.8%).
The Apparel Division (Mr Price, Mr Price Sport and Miladys), which
represented 74.8% of sales(LY: 73.3%), achieved sales growth of
17.2% with comparable store sales growth of 12.3%. The division
opened 21 stores (Mr Price Apparel 11, Mr Price Sport 6 and Miladys
4) and weighted average trading space increased by 5.4%. Retail
selling price inflation of 10.8% was recorded.
The Home Division (Mr Price Home and Sheet Street) achieved sales
growth of 8.3% and comparable store sales growth of 5.5%. Although
the division opened 16 stores (Mr Price Home 5 and Sheet Street 11),
weighted average trading space decreased by 0.4% as a result of
space reductions earlier in the year. Retail selling price inflation
of 10.9% was recorded.
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
16 January 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 16/01/2014 08:00:00 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.
