NEWS & MEDIA > SALES UPDATE FOR THE 5 MONTHS ENDED 31 JANUARY 2012
Cape Town, 07 Feb 2012
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA
Holdsport shareholders are advised that total sales for the five months ended 31 January 2012 increased by 11.5% compared to the corresponding period last year. Retail sales increased by 10.8% with sales for comparable stores increasing by 8.6% over the period.
Total (and comparable) sales growths for each division for the five-month period, were as follows:
- Sportsmans Warehouse sales increased by 12.3% (10.8% comparable);
- Outdoor Warehouse sales increased by 6.6% (2.7% comparable);
- The wholesale division recorded sales growth of 42.8%.
Retail trading space increased by 2.9% relative to the prior corresponding period, and merchandise inflation for the period averaged 1.4%.
The financial information provided has neither been reviewed nor reported on by the external auditors.
Holdsport is expected to release its results for the year ended 28 February 2012 on or about 21 May 2012.