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Myer’s net profit tumbles as labour, marketing costs increase

Inside Retail

Myer’s net profit declined 18 per cent to $42 million in the first half, reflecting what the company described as an increase in the cost of doing business. Sales remained flat at $1.83 Sales remained flat at $1.83 Comparable sales climbed 0.8 Meanwhile, online sales rose 4.8 per cent of total sales.

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Nick Scali at risk of missing profit guidance due to container shipment delay

Inside Retail

Nick Scali is at risk of not meeting its first-half net profit guidance for Australia and New Zealand due to delays in the delivery of its products. However, the company expects to incur additional storage and detention costs for the containers which cannot be quantified yet at this time.

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Accent Group’s net profit plunges 32.9 per cent

Inside Retail

Footwear retailer Accent Group ‘s net profit plunged amid higher sales in the last fiscal year. The company saw net profit dip 32.9 “We advise today that The Trybe business has been sold and that the company will not continue with the Cat distribution agreement beyond its expiry at the end of December 2024.”

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Domino’s Pizza Enterprises books lower net profit

Inside Retail

Domino’s Pizza Enterprises saw net profit decline despite higher sales during the past fiscal year. The company’s net profit fell 1.9 Same-store sales growth stood at 1.5 This will be offset by planned store closures to improve profitability in France and Japan. per cent to $120.4 per cent to $4.19

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Retail Food Group’s net profit surges 73.8 per cent in fiscal first half

Inside Retail

Retail Food Group’s net profit surged in the fiscal first half on the back of positive sales momentum in the cafe, coffee, bakery segment. The group’s net income surged 73.8 Today it announced it would launch US sandwich brand Firehouse Subs in Australia, aiming at 165 stores long term. per cent to $73.7

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UBS Announces Net Profit Better Than Expected in Q2 2024

Retail Wire

UBS claims revenue growth at its wealth management and investment bank divisions increased net profits.

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Coles delivers higher net profit amid increase in sales

Inside Retail

Coles saw its profit slightly grow on the back of higher revenue in the last fiscal year, amid the renewal and opening of new stores. The supermarket chain’s net profit grew 1.8 Other segments’ revenue stood at $837 million. per cent to $1.12 billion as group sales rose 5.1 per cent to $43.57 per cent to $39.04