April 18, 2018 / 2:10 PM / in 3 months

BRIEF-Massmart Says Sales In First 12 Weeks Of 2018 Soft

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 Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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