Massmart's 26-week sales rise 13.3% to R27.5bn
Massmart Holdings reported on Wednesday, 12 January 2011, that total sales for the 26 weeks to December 2010 increased to 27.5 billion rand, representing growth of 13.3% over the prior 26-week period, with year-to-date deflation estimated at 2.9%.
Comparable store sales increased by 7.3%.
Total (and comparable) sales growths for each division for the 26-week period, and the financial year-to-date inflation rates, for Massdiscounters grew by 14.4% (9.0% comparable) with deflation of 8.2%; for Masswarehouse grew by 10.7% (7.8%) with deflation of 1.2%; for Massbuild grew by 18.6% (11.8%) with inflation of 0.3%; and for Masscash grew by 12.4% (4.2%) with deflation of 1.3%.
Massmart's reviewed interim financial results for the 26 weeks to December 2010 will be released on 24 February.