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Sales Update for the 26 weeks to 25 June 2017
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000152617
("Massmart" or "the Company")
Sales Update for the 26 weeks to 25 June 2017
Massmart’s total sales for the 26 weeks to 25 June 2017 amounted to R42.5 billion, representing
an increase of 0.5% over the prior year 26-week period. Comparable store sales decreased by
1.6%. Product inflation is estimated at 3.2%.
We have commented previously on the marked differences in the performances of Food and non-
Food categories across South Africa and in most parts of sub-Saharan Africa, caused by weak
consumer spending, especially on discretionary items, and low consumer confidence.
Consequently at a Group level, our total sales growth in Food (being food and liquor) is 3.0% and
in non-Food (being general merchandise, home improvement and cellular) is -2.9%.
Total (and comparable) sales growths for each Division for the 26-week period, and product
inflation rates, were as follows:
- Massdiscounters decreased by 1.4% (-3.5% comparable) with inflation of -0.3%
- Masswarehouse increased by 4.0% (1.5% comparable) with inflation of 3.9%
- Massbuild had 0.0% total growth (-0.2% comparable) with inflation of 4.7%
- Masscash decreased by 1.0% (-3.3% comparable) with inflation of 4.0%
Total and comparable sales growths from our South African (SA) stores were 1.7% and -0.2%
respectively. There were positive comparable sales growths in Game SA, Masswarehouse and
Massbuild SA.
Total and comparable sales growths from our ex-SA stores’ measured in the local African
currencies were positive, while in Rands these were -11.9% and -14.1% respectively.
Massmart’s financial results for the 26 weeks to 25 June 2017 will be released on the Stock
Exchange News Service of the JSE Limited on 24 August 2017.
The above information has not been reviewed and reported on by the Company`s external
auditors.
Johannesburg
17 July 2017
Sponsor: Deutsche Securities (SA) Proprietary Limited
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