Last $25.23 USD
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As of 8:10 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

massmart hldgs ltd-unsp adr (MMRTY) Snapshot

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52 Week High
09/18/13 - $35.65
52 Week Low
02/19/14 - $20.50
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massmart hldgs ltd-unsp adr (MMRTY) Details

Massmart Holdings Limited operates as a retail and wholesale distributor in sub-Saharan Africa. The company operates through four divisions: Massdiscounters, Masswarehouse, Massbuild, and Masscash. The Massdiscounters division operates as a discount retailer of general merchandise, and non-perishable and dry groceries for home, leisure, and business use. This division also operates DionWired stores, which sell middle-to upper-end electronics and appliances. The Masswarehouse division operates Makro warehouse stores that sell food, liquor, and general merchandise to retail and wholesale customers. The Massbuild division operates as a home improvement retailer and building materials supplier. This division operates large DIY and home improvement stores under the Builders Warehouse brand in urban areas; a chain of smaller neighbourhood home and garden improvement stores under the Builders Express and Builders Superstore brand; and a chain of building contractor outlets under the Builders Trade Depot brand in industrial sites in peri-urban and urban areas. The Masscash division operates as a food wholesaler, retailer, and buying association. This division operates CBW, Jumbo Cash & Carry, and Shield stores that sell food and cosmetics. Massmart Holdings Limited operates 376 stores in 12 countries in sub-Saharan Africa. The company was founded in 1990 and is headquartered in Sandton, South Africa. Massmart Holdings Limited is a subsidiary of Main Street 830 (Proprietary) Limited.

37,554 Employees
Last Reported Date: 04/30/14
Founded in 1990

massmart hldgs ltd-unsp adr (MMRTY) Top Compensated Officers

Chief Executive Officer, Chief Operations Off...
Total Annual Compensation: R4.5M
Group Financial Director, Executive Director ...
Total Annual Compensation: R3.0M
Compensation as of Fiscal Year 2013.

massmart hldgs ltd-unsp adr (MMRTY) Key Developments

Massmart Holdings Limited, H1 2014 Earnings Call, Aug 28, 2014

Massmart Holdings Limited, H1 2014 Earnings Call, Aug 28, 2014

Massmart Holdings Limited Provides Earnings Guidance for the Twenty Six Weeks Period to June 29, 2014

Massmart Holdings Limited provided earnings guidance for the twenty six weeks period to June 29, 2014. For the period, the company expects earnings in the range of ZAR 331.6 million - ZAR 371.9 million. Headline earnings to be in the range of ZAR 345.7 million - ZAR 386.1 million. Basic EPS to be in the range of ZAR 152.9 - ZAR 171.4. HEPS to be in the range of ZAR 159.4 - ZAR 178.0.

Massmart Holdings Limited Announces Executive Directors Changes

On 10 December 2013 Wal-Mart Stores, Inc. announced the promotion of David Cheesewright to President and Chief Executive Officer  of Walmart International. The promotion of Shelley Broader to succeed him as President and CEO of Walmart EMEA was announced on 30 May 2014. Subsequent to these changes, shareholders are advised that David has resigned from the Board of directors of Massmart and Shelley has been appointed in his place. Shelley has responsibility for Walmart's retail operations and business development across Europe, the Middle East, Sub-Saharan Africa and Canada. She was previously CEO of Walmart Canada. Shelley will also replace David as a member of each of the Nomination and Remuneration committees. In addition, Jeff Davis has resigned and in his place Andy Clarke has been appointed to the Board. Andy is the President and Chief Executive Officer of Asda Stores Ltd, the United Kingdom's second-largest supermarket retailer. The appointment of Shelley and Andy and the resignation of David and Jeff are all effective 16 July 2014. Jeff was appointed to the Board in June 2011, following the Walmart acquisition of control of Massmart, and David in November 2011.


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