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Myer’s netprofit 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.
Nick Scali is at risk of not meeting its first-half netprofit 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.
Footwear retailer Accent Group ‘s netprofit plunged amid higher sales in the last fiscal year. The company saw netprofit 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.”
Domino’s Pizza Enterprises saw netprofit decline despite higher sales during the past fiscal year. The company’s netprofit 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
Retail Food Group’s netprofit 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
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 netprofit 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
Outdoor apparel retailer KMD Brands has witnessed an increase in sales and netprofit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. million and netprofit after tax jumping 8.6 Sales grew 12.6 per cent to $1.01 per cent to $97.4
Retail drinks and hospitality business Endeavour Group has posted a slight increase in sales for the fiscal first half, but netprofit was down as the group previously expected. However, netprofit after tax slid 3.6 Group sales for the 27 weeks ended rose 2.5 per cent year on year to $6.7
Premier Investments has posted a decline in sales for the fiscal first half, with the results dragged down by a double-digit drop at Smiggle. At Peter Alexander, sales rose 6.6 At Peter Alexander, sales rose 6.6 Meanwhile, sales at the stationery and gift chain Smiggle dived 14.5 per cent decrease. per cent to $157.3
Lovisa Holdings booked higher netprofit amid a strong trading performance and global expansion in the last fiscal year. The company’s netprofit grew 20.9 The jewellery and accessories retailer ended the fiscal year with 900 stores globally after opening a net 128 new stores., per cent to $82.4
Super Retail Group’s netprofit fell in the fiscal first half amid inflationary pressures affecting the cost of doing business. The group’s statutory netprofit declined 9 per cent to $130 million despite sales increasing 4 per cent to $2.11
Australian-listed appliance maker Breville Group’s netprofit rose 7.5 “We will continue to plan inventory for accelerated growth while at the same time managing costs to protect against downside risks.” per cent to $118.5 million in the last fiscal year. The company booked record revenue of $1.53 million. .
Nick Scali’s netprofit dipped in the fiscal first half ended December 31 amid a sharp decline in Australia and New Zealand performance and softer-than-expected loss in the UK. The furniture retailer’s netprofit plunged 30.2 per cent to $30 million, with ANZ netprofit tumbling 20.7 million. .”
Furniture retailer Adairs says its first-half netprofit and revenue have fallen, reflecting challenging macroeconomic conditions and lower customer counts in stores. The company’s netprofit declined 18.9 Mocka’s sales stood at $25.3 per cent to $17.7 million as revenue slid 6.7 per cent to $302.4
Vicinity Centres has posted a lower statutory netprofit after tax of $271.5 Netprofit after tax fell from last year’s $1.2152 billion, largely driven by a non-cash reduction in asset valuations. Net property income increased 12.1 per cent to pre-Covid levels at $900.2 Net property income increased 12.1
In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in netprofit. Walmart Makes Klarna Exclusive BNPL Provider Additionally, Klarna will partner with OnePay to exclusively offer installment loans at U.S. The Sweden-based company, which has operated in the U.S. Walmart stores.
“Premier is astounded that Myer and its board are wasting corporate resources exploring ways to dilute Premier instead of fixing Myer’s chronic and prolonged underperformance,” Leibler wrote in a letter to Myer’s legal representative Rory Moriarty at Clayton Ulz. “[And] Total sales for the FY21 year are expected to land at $2.6
The supermarket chain’s netprofit before significant items slid 0.6 billion while netprofit after significant items plummeted 93.3 billion while other segment’s sales stood at $356 million. Woolworths Group booked lower earnings despite higher sales in the last fiscal year. per cent to $1.71 per cent to $4.59
Gross profit grew 18.3 Attributable netprofit grew 19 per cent to $10.3 “Having returned the company to profitability in FY24, I’m pleased to report today that we have built on that momentum and returned the business to strong sales growth in 1HFY25,” said Kogan. First-half gross sales rose 10.3
At opposite ends of the political spectrum, the National Party and the Greens both argued that divestment provisions should be incorporated into federal competition laws to ensure fair trading with suppliers and consumers. billion netprofit for the last financial year, with a year-high share price of $19.40 to as low as $29.19
per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. Sales at CBD stores, its strongest-performing, grew 30 per cent. After excluding lockdown periods in the previous year, sales at CBD stores rose 14.4 ” Netprofit rose 18.2 ” Netprofit rose 18.2
From late November, the company took advantage of its chief rival Woolworths’ industrial problems , working with suppliers to increase stocks in its Victoria and NSW stores to satisfy customers unable to source goods at Woolworths outlets. billion with netprofit down 2.2 per cent to $2.05 per cent to $576 million.
Myer has flagged a drop in profit for this fiscal year, largely due to underperformance at its three specialty brands amid macroeconomic challenges. The department store chain expects netprofit after tax of between $50 million and $54 million for FY24, compared to $71.1 million in the prior year.
Note that although Makro is billed as a wholesaler, its customer base includes an enthusiastic consumer segment that prefers the Makro bulk-buy experience and uses it as an alternative go-to for products it cannot get at a regular supermarket. The gross profit margin on sales for the three company segments improved to 14.9 per cent.
Coles and Woolworths appear to be trading consumer choice for consumer savings at a time when families are continuing to struggle under inflationary pressures. But at the same time making sure that weve got a real laser focus on execution and cost control in our business. To be clear, there is no set target on this at all.
The market for Moshi Moshis products and price points in neighbouring countries would seem to be substantial and the company has not been at all reluctant to open shops at a rapid pace. However, better control of selling and administrative expenses helped deliver an increase in netprofit for the quarter of 108.1
Meanwhile, netprofit soared to RMB3.4 The Apac region is showing particularly strong momentum; while it currently represents 23 per cent of global revenue at $3.2 As the sector continues to expand at breakneck speed, questions arise about its longevity. This marks an impressive 106.9 per cent year-on-year increase.
The owner of Swiss watchmakers including IWC, Jaeger-LeCoultre and Piaget said sales fell by 1 per cent at constant exchange rates to 4.81 “Jewellery maisons, responsible for the bulk of group profits – produced a resilient performance,” said Bernstein analyst Luca Solca, although watches performed much worse than expected.
Birkenstock is reportedly exploring a sale to private equity firm CVC that could value the company at more than $4.85 Sources say the deal also has attracted interest from Permira and at least one additional private equity firm. Goldman Sachs has been helping the retailer look at sale options for months, the sources said.
per cent stake in the company, which was valued at about $160 million. However, netprofit fell from $88.7 Billionaire businessman Brett Blundy has agreed to sell his stake in Accent Group to UK-based Frasers Group, the Australian Financial Review has reported. Blundy, a director of Accent, has sold all of his 14.7 billion ($7.6
Kogan returned to profitability in the fiscal first half, despite lower revenue due to reduced inventory and the company’s focus on platform/software-based subscription revenue. The online retailer swung to a netprofit of $8.7 Gross margin stood at 36.1 million while revenue slid 9.9 per cent to $248.2
billion, post-tax netprofit slid 3.6 Revenue from other segments stood at $450 million. However, while group earnings before interest and taxes rose by 0.6 per cent to $1.1 per cent to $594 million. The company’s revenue rose 6.8 per cent year over year to $22.2 billion as supermarket revenue went up 4.9 per cent to $19.8
Still, it’s understandable given that Thai consumers continue to balk at spending while many of them are still heavily in debt. Sales growth is coming mostly now from store expansion rather than productivity improvement, and profit growth from cost control and efficiency improvements. Gross margin held steady at 17.5
Additionally, congestion at the Port of Shanghai, the largest port in the world, appears to be easing. The average waiting time across all vessel types, including tankers, bulkers and containers, at Shanghai has reduced to 28 hours, which is down considerably from its peak average waiting time of 66 hours during the lockdown in China.
Retail Food Group swung to a net income despite lower revenue in the fiscal first half, thanks to an increase in average transaction value and the company’s acquisition of Beefy’s Pies. RFG’s netprofit stood at $5.1 million while revenue fell 1.4 per cent year over year to $61.9 per cent to $11.6
Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The company booked a netprofit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.
Global revenue has grown at a compound annual rate exceeding 40 per cent, with overseas sales accounting for 39.4 The companys adjusted diluted earnings per share (EPS) grew 16 per cent year over year, while adjusted netprofit rose 15.4 By year-end, Minisos cash position stood at $1.466 billion. per cent yearly.
Alceon acquired Noni B in 2014 at what it no doubt thought was a bargain price of 51 cents a share, valuing the retailer at $16.4 million and net earnings to a modest $3.3 million and netprofits to $17.3 million, but Noni B’s best days were behind it. million in 2006 to a $7.8 million loss in 2014.
Department store Myer has recorded a strong performance in its half-year results, with netprofit after tax hitting $32.3 Myer’s total group sales were up at 8.5 million – an increase of 55 per cent. . per cent to $1.51 billion, with comparable sales growth of 17.8 Group online sales grew 47.5 per cent to $424.1
per cent as of June 30 last year and 98 per cent at the peak of the pandemic (December 2020). Statutory netprofit after tax rose to $223.5 Having anticipated a moderation in retail sales, we have acted at pace to lock in long-term leasing deals, minimise income at risk and increase occupancy to closer to pre-pandemic levels.”
A new location at Gatwick Airport was also recently added to its expanding retail network. Alongside its retail expansion, the retailer has launched a “profit pledge,” committing 10% of its netprofits to charitable causes.
Despite the surge in sales, netprofit fell from $8.3 million, at the top of the company’s guidance. CEO Mark Coulter said the company bucked the slowdown caused by cost-of-living pressures, with revenue soaring in an overall market that was down 4 per cent. million in FY23 to only $1.8
Points rewards are key sales driver For the whole year 2024, revenues came in at a record high of 51.8 billion) and the netprofit of 16.7 Centrals malls all have a rewards program whereby shoppers get redeemable points rewards for purchases at some, but not all, of the stores. (It billion Thai baht ($1.6
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