A word from our CEO, Guy Hayward
"Very weak consumer confidence resulted in lower demand for Durable Goods whilst significant deflation in most major food commodities impacted the wholesale business. We are delighted with our online sales growth of 69% which included a 23% increase in average online basket size. It is pleasing that we grew Durable Goods sales and market share in an environment in which demand for durables is soft as consumers prioritised spending on food."
A word from our CEO, Guy Hayward
"Very weak consumer confidence resulted in lower demand for Durable Goods whilst significant deflation in most major food commodities impacted the wholesale business. We are delighted with our online sales growth of 69% which included a 23% increase in average online basket size. It is pleasing that we grew Durable Goods sales and market share in an environment in which demand for durables is soft as consumers prioritised spending on food."
Play Video
In review
2018 at a glance
Total sales (like-on-like) growth of 1.9% to R41.6 billion
Comparable expense increase of 2.1%
Trading profit before interest and tax, excluding restructure costs, decreased by 19.5%
Headline earnings before restructure costs decreased by 20.4% to R290.3 billion
Financial statements
Delivering
sustainable business
Massmart is a managed portfolio of four divisions, comprising 425 stores