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Massmart Holdings Ltd (MSMJ.J)

MSMJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Massmart Sees HY Headline Loss Per Share Between 240.5 Cents To 249.8 Cents
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Massmart Holdings Ltd ::SALES AND BUSINESS UPDATE AND TRADING STATEMENT FOR THE 26 WEEK PERIOD ENDED 30 JUNE 2019.FOR 26 WEEKS, CO'S SALES OF R43.8BN REPRESENT TOTAL GROWTH OF 5.5%, COMPARABLE SALES GROWTH OF 3.6%, WITH YTD PRODUCT INFLATION OF 2.7%.MARGINS WERE LOWER THAN ANTICIPATED ACROSS ALL DIVISIONS IN MAY AND JUNE.26 WEEKS TOTAL SALES GROWTH FROM SOUTH AFRICAN (SA) STORES WAS 4.9%, WHILE SAME FIGURE FROM OUR EX- SA STORES WAS 11.8% IN RANDS.SEES HY HLPS 240.5 TO 249.8 CENTS.SALES GROWTH SLOWED NOTICEABLY IN SIX-WEEK PERIOD SINCE PREVIOUS UPDATE WITH TOTAL GROWTH OF 3.3% AND COMPARABLE GROWTH OF ONLY 1.9%.SEES HY BASIC LOSS PER SHARE 264.3 TO 273.2 CENTS.  Full Article

Massmart Holdings Says Chris Seabrooke To Step Down As Deputy Chairman
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Massmart Holdings Ltd ::SEABROOKE WILL STEP DOWN AS DEPUTY CHAIRMAN AND LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR OF BOARD.RESIGNATION OF ROGER BURNLEY AS NON-EXECUTIVE DIRECTOR OF COMPANY WITH EFFECT FROM 27 FEBRUARY 2018.  Full Article

Massmart Posts 42 Pct Drop In H1 Headline Earnings, "Cautiously Optimistic" About FY
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Massmart Holdings Ltd ::TOTAL SALES FOR 26-WEEK PERIOD OF R41.6 BILLION REPRESENTED AN INCREASE OF 1.9%.HY HEADLINE EARNINGS DECREASED BY 42.2% TO R210.9 MILLION.HY COMPARABLE STORE SALES INCREASED BY 0.2%.CURRENT WEAKNESS OF DOMESTIC ECONOMY, UNCERTAIN INTEREST'L GEOPOLITICAL SITUATION WHICH IMPACTS OIL PRICE MAKE NEAR- TERM FORECASTING DIFFICULT.MASSMART IS CAUTIOUSLY OPTIMISTIC ABOUT FULL-YEAR'S EARNINGS.GROSS INTERIM CASH DIVIDEND OF 68.0 CENTS PER SHARE, IN RESPECT OF HY ENDED 1 JULY 2018 HAS BEEN DECLARED.INVENTORY BALANCE INCREASED BY 9.2% TO R11.0 BILLION AT HY-END.WILL OPEN ANOTHER 17 STORES OVER REMAINDER OF 2018.LOOKS TO ADD 49 NEW STORES BETWEEN 2018 AND 2020.HY LIKE-ON-LIKE GROSS MARGIN OF 19.6% IS MARGINALLY LOWER THAN PREVIOUS PERIOD.IS CONSIDERING CONVERSION OF SOME RHINO STORES TO CAMBRIDGE AND EVALUATING POTENTIAL NEW METROPOLITAN SITES FOR MAKRO.REVIEWING COMPOSITION OF GROUP'S CURRENT STORE PORTFOLIO.  Full Article

Massmart Total Sales For 26- Week Period Rose 1.9 Pct To R41.6 Bln
Thursday, 19 Jul 2018 

July 19 (Reuters) - Massmart Holdings Ltd ::MASSMART HOLDINGS LTD - COMPARABLE STORE SALES INCREASED BY 0.2% IN 26- WEEK PERIOD.MASSMART - TOTAL SALES FROM OUR SOUTH AFRICAN (SA) STORES INCREASED BY 2.0%, WHILE COMPARABLE SA STORE SALES INCREASED BY 0.5% IN 26- WEEK PERIOD.MASSMART HOLDINGS LTD - EXCLUDING SHIELD FROM CURRENT AND PRIOR PERIODS SHOWS TOTAL SALES FOR 26- WEEK PERIOD INCREASED 1.9% TO R41.6 BILLION.  Full Article

Massmart Holdings Says Excluding Restructure Costs Expect HY HEPS Between 91.0 - 107.8 Cents
Thursday, 24 May 2018 

May 24 (Reuters) - Massmart Holdings Ltd ::FOR FIRST 19 WEEKS OF 2018 FINANCIAL YEAR, SALES OF R31.4BN REPRESENTED TOTAL GROWTH OF 0.8% AND COMPARABLE SALES GROWTH -0.5%.HY TOTAL SALES GROWTH FROM SOUTH AFRICAN (SA) STORES WAS 0.8%.GROUP'S YEAR-TO-DATE ONLINE SALES ARE UP 66% COMPARED TO PRIOR PERIOD.EXCLUDING RESTRUCTURE COSTS EXPECT HY HEPS BETWEEN 91.0 - 107.8 CENTS.INCLUDING RESTRUCTURE COSTS EXPECT HY HEPS BETWEEN 53.9 - 70.8 CENTS.  Full Article

Massmart Says Sales In First 12 Weeks Of 2018 Soft
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Massmart Holdings Ltd ::MASSMART HOLDINGS - SALES PERFORMANCE FOR FIRST 12 WEEKS OF 2018 HAS BEEN SOFT WHICH IS A TREND NOTED BY OTHER PARTICIPANTS IN SOUTH AFRICAN RETAIL.MASSMART - TOTAL SALES GROWTH IN 12 WEEKS PERIOD IS SLIGHTLY POSITIVE WHILE COMPARABLE SALES GROWTH IS SLIGHTLY NEGATIVE, WITH PRODUCT DEFLATION OF -0.4%.MASSMART- FOOD SALES GROWTH REMAINS LOW IN 12 WEEKS PERIOD DUE TO ONGOING DEFLATION IN COMMODITIES, WHICH SHOULD MOVE INTO INFLATION FROM APRIL/MAY 2018.  Full Article

Massmart Holdings Says ‍For 53 Weeks To Dec 31 Total Sales Increased To 93.7 Bln​ Rand
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Massmart Holdings Ltd ::‍FOR 53 WEEKS TO 31 DECEMBER 2017 MASSMART'S TOTAL SALES INCREASED TO R93.7 BILLION, REPRESENTING 2.7% GROWTH​.‍TOTAL SALES FOR 2017 52-WEEK PERIOD OF R92.1 BILLION REPRESENTS GROWTH OF 1.0 PERCENT​.H2 2017 SAW IMPROVED COMPARABLE SALES PERFORMANCES IN BOTH MASSBUILD AND MASSWAREHOUSE IN SOUTH AFRICA (SA) AND IN ALL DIVISIONS' EX-SA STORES​.‍TOTAL SALES FROM EX-SA STORES MEASURED IN CONSTANT CURRENCIES FOR 52-WEEK PERIOD GREW BY 3.5% WITH COMPARABLE STORE SALES GROWTH OF 0.8%​.‍TOTAL SALES FROM SA STORES FOR 52-WEEK PERIOD GREW BY 1.5%, WHILE COMPARABLE SA STORE SALES DECLINED BY 0.2%.​.  Full Article