Massmart Holdings Limited Announces Sales Results for the Fifty Tow-Week Period Ended 30 December 2018; Provides Sales Guidance for the First Three Weeks of 2019; Provides Earnings Guidance for the Fifty Tow-Week Period Ended 30 December 2018
Total and comparable sales growths for the first three weeks of 2019 are 4.6% and 3.1% respectively.
The company provided earnings guidance for the 52-week period ended 30 December 2018. The company expected Basic EPS including the Restructure Costs ranges between 381.2 cents to 443.0 cents compared to 2017 52-weeks. Normalised Basic EPS excluding the Restructure Costs ranges between 432.4 cents to 494.3 cents compared to 2017 52-weeks. Basic EPS including the Restructure Costs ranges between 377.4 cents to 443.0 cents compared to 2017 53-weeks.