Cashbuild sales up 5 per cent

Cashbuild, Southern Africa’s leading retailer of quality building materials and associated products, has reported its financial results for the fiscal year, which ended 30 June 2024 (53 weeks). As the report states, revenue increased by 5 per cent to approx. ZAR 11.19 mio (South African Rand, approx. EUR 570.000), where as sales for stores in existence prior to July 2022 (pre-existing stores, 310 stores) increased by 4 per cent. The 12 new stores contributed 1 per cent growth. Transactions through the tills increased by 3 per cent compared to the previous year, selling price inflation was plus 1.7 per cent at the end of June 2024 when compared to June 2023.  

During the year, the Group opened six new stores and closed two underperforming stores. The Group further refurbished 20 stores and relocated one store. Cashbuild will continue its store expansion, relocation, and refurbishment strategy in a controlled manner, through its feasibility process. The opening of new Cashbuild Small Model Store (SMS) initiative remains on track, as per the report.