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Johannesburg - Massmart Holdings [JSE:MSM] reported on Wednesday that total sales for the 26 weeks to December 2010 increased to R27.5bn, representing growth of 13.3% over the prior period, with year-to-date deflation estimated at 2.9%.
Comparable store sales increased by 7.3%.
Total (and comparable) sales growth for each division in 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%.
Masswarehouse grew by 10.7% (7.8%) with deflation of 1.2%; Massbuild grew by 18.6% (11.8%) with inflation of 0.3%; and 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 February 24.
Global food giant Walmart has offered about R17bn to acquire a majority stake in Massmart as part of its African expansion plans.
Comparable store sales increased by 7.3%.
Total (and comparable) sales growth for each division in 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%.
Masswarehouse grew by 10.7% (7.8%) with deflation of 1.2%; Massbuild grew by 18.6% (11.8%) with inflation of 0.3%; and 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 February 24.
Global food giant Walmart has offered about R17bn to acquire a majority stake in Massmart as part of its African expansion plans.
