Inflation, new stores, lift Holdsport

A Sportsmans Warehouse store in Park Meadows, Eastgate, Johannesburg. File picture: Nonhlanhla Kambule-Makgati

A Sportsmans Warehouse store in Park Meadows, Eastgate, Johannesburg. File picture: Nonhlanhla Kambule-Makgati

Published Jan 17, 2017

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Johannesburg

- Holdsport, the owner of the Sportsman’s Warehouse and Outdoor Warehouse stores,

says sales in the 4 months to December gained 5 percent.

This is in comparison

to competitor Mr Price, which – also on Tuesday – said its sales in the 3

months to December only gained 0.4 percent, with inflation above 10 percent.

Holdsport’s

gains seem to be as a result of new store additions, as comparable stores lost

0.7 percent.

In its

statement, it said total sales at Sportsmans Warehouse increased 0.5 percent,

Outdoor Warehouse gained 8.4 prcent, while the wholesale division’s total sales

increased 46.7 percent and external sales increased by 110.8 percent.

Holdsport

says weighted retail trading space increased by 4.4 percent relative to the

prior corresponding period and the retail divisions experienced price inflation

of about 8.5 percent for the period.

Read also:  Holdsport buys 100% of Second Skins

Holdsport

is expected to release its results for the year on May 5.

A year ago,

it reported its total sales increased by 11.8 percent to R1.73 billion, while retail

sales increased 12.4 percent to R1.68bn.

The group’s

operating profit rose by 15.8 percent to R308.9 million and core headline

earnings amounted to 548.7c a share, a 21.3 percent increase from the previous

year.

BUSINESS REPORT ONLINE

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