Massmart 52-week sales up 15.5%Comment on this story
Consumer goods distributor Massmart Holdings (MSM) on Wednesday said total sales for the 52 weeks to June 24 2012 increased to R61.2 billion‚ representing growth of 15.5% over the prior 52-week period‚ with annual product inflation estimated at 1.8%.
Comparable store sales increased by 9.6%.
Total and comparable sales increased 11.0% (4.4% comparable) with deflation of 3.3% in its Massdiscounters division‚ which includes Game and Dion Wired.
Makro’s sales increased by 20.1% (11.6%) with inflation of 1.9%.
Massbuild saw a gain in sales of 13.0% (9.3%) with inflation of 1.4%; while Masscash saw an increase of 16.5% (11.6%) with inflation of 6.1%.
“Total sales growth has been boosted by the inclusion of Rhino from March‚” the company said.
Massmart’s full year financial results will be released on August 22. - I-Net Bridge