Massmart Holdings Limited announced sales results for the fifty tow-week period ended 30 December 2018. For the period, the company's total sales was ZAR 90.9 billion increased by 2.9%, with comparable store sales increasing by 1.2%, and with product deflation estimated at 0.2%. In addition, the 2017 financial year was a 53-week period. Using the abovementioned modified retrospective method per IFRS 15, relative to the 2017 53-week period, total sales for the 2018 52-week period of R90.9 billion represent a decline of 3.0%, with comparable store sales declining by 4.7%.

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.