52 Week Range
As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay
3M AVG Volume
52 Week High
52 Week Low
Shares Out (MIL)
Market Cap (MIL)
Dividend (Yield %)
Massmart Sees Comparable FY HEPS At Least 50% Lower Than Year Earlier
Massmart Sees HY Headline Loss Per Share Between 240.5 Cents To 249.8 Cents
Massmart Says HY Headline Earnings May Be At Least 50% Lower Than Prior Period
Massmart Holdings Limited is a distributor of consumer goods. The Company is a retailer of general merchandise, liquor, home improvements and building supplies, and the food wholesaler in Africa. The Company operates through four Divisions: Massdiscounters, Masswarehouse, Massbuild and Masscash. The Massdiscounters division is a general merchandise discounter and food retailer. The Masswarehouse division is engaged in warehouse club trading in food, general merchandise and liquor. The Massbuild division is a home improvement retailer and building materials supplier. The Masscash division is a food wholesaler, retailer and buying association. Its divisions operate in over two principal geographic areas, which include South Africa and the rest of Africa. Its subsidiaries include Massbuild Proprietary Limited, Masscash Proprietary Limited, Massmart International Holdings Limited, Massmart Management & Finance Company Proprietary Limited and Masstores Proprietary Limited, among others.
Retail (Department & Discount)
16 Peltier Drive, Surringhill Ext. 6
Kuseni Douglas Dlamini
Independent Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
Mohammed Hoosen Abdool-Samad
Chief Financial Officer, Executive Director
Divisional Chief Executive - Masswarehouse
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* Scraps dividend (Adds scrapping of dividend, details and forecast)
South African retailer and wholesaler Massmart Holdings on Thursday posted a net loss in the first half of the year, dragged lower by softer-than-expected sales, margin weakness, higher expenses and foreign exchange losses.
Massmart has warned it expects to make a loss in the first half of the year as a result of softer than expected sales, margin weakness and higher expenses, sending its shares to a 13-year low.
South African retailer Massmart said it expects to swing to a half-year operating loss, weighed down by softer than expected sales, margin weakness and expense growth, sending its shares tumbling to a 13-year low.
South African retailer Massmart on Thursday warned of lower headline earnings per share for the first half of the year and said that Walmart executive Mitchell Slape would become its new CEO.
Massmart has appointed Walmart Japan former interim president and chief executive officer Mitchell Slape as its new CEO, succeeding Guy Hayward who resigned in May, the South African retailer said on Thursday.
* Exact timing of Hayward's exit not confirmed (Adds analyst quote, background)
The chief executive of Massmart, Guy Hayward, will step down before the end of 2019 after being at the helm for five years, the South African retailer said on Monday.
* Cautious outlook for H1 2019 (Recasts with Africa expansion)
South African retailer Massmart said on Thursday its full-year headline earnings fell by 31.7 percent to 901.2 million rand ($64.70 million).
* Sales hampered by muted consumer spending (Adds CEO quote and detail)
South African retailer Massmart Holdings reported a 42 percent drop in half-year profit on Thursday due to restructuring costs and weak consumer spending.
Massmart Holdings expects half-year profits to fall by as much as 26 percent, the South African retailer said on Monday citing muted sales growth.
* 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
South African retailer Massmart Holdings on Thursday posted a 2 percent rise in annual profit, helped by cost cuts as consumers battling high personal debt levels spent warily.
South Africa's Competition Tribunal on Tuesday dismissed a complaint brought by Massmart accusing grocery retailers of anti-competitive behaviour, saying the unit of Wal-Mart had failed to present a strong case.
South Africa's Massmart is disappointed that the merits of its anti-competitive complaint against grocery retailers were not assessed by the Competition Tribunal, its spokeswoman said on Tuesday after the tribunal dismissed its case.
South Africa's Competition Tribunal on Tuesday dismissed a complaint brought by Massmart accusing grocery retailers of anti-competitive behaviour.
* UPHELD EXCEPTIONS TAKEN BY RETAILERS SHOPRITE CHECKERS, PICK 'N PAY RETAILERS AND SPAR IN RESPECT OF AMENDED REFERRAL BY MASSMART
* FOR 53 WEEKS TO 31 DECEMBER 2017 MASSMART'S TOTAL SALES INCREASED TO R93.7 BILLION, REPRESENTING 2.7% GROWTH
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.