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Universal Store’s net profit surges 45.3 per cent

Inside Retail

Universal Store Holdings saw its net profit surge 45.3 per cent, ongoing rollout of the Perfect Stranger’s retail format, completion and contributions of the Cheap Thrills Cycles (CTC), and the net store count increasing to 102. CTC’s sales in the direct-to-consumer channels jumped 13.3 per cent to $34.3

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Endeavour Group’s net profit slips despite higher sales

Inside Retail

Endeavour Group’ s net profit fell 3.2 “We will continue to focus on tightly managing our costs as we execute our strategy scorecard commitments to deliver value for shareholders.” ” The post Endeavour Group’s net profit slips despite higher sales appeared first on Inside Retail Australia.

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Domino’s Pizza profit slumps as inflation hits consumer spending

Inside Retail

Domino’s Pizza Enterprises said its first-half net profit fell 21.5 per cent, as orders were impacted by the impact of inflation on consumer spending. The Australian franchise of Domino’s says its first-half profit attributable for the period ended Jan 1 was $71.7 million on global sales of $1.97

Consumer 246
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Three brands blamed for Myer’s projected profit decline

Inside Retail

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 net profit after tax of between $50 million and $54 million for FY24, compared to $71.1 million in the prior year.

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Nick Scali logs full year double-digit growth in revenue, profit

Inside Retail

per cent growth in net profit after tax for the year ended June 30 – a success it attributes to smart logistics management. million, while net profit after tax reached $101.1 Trading during the year has been variable and challenging as consumer sentiment deteriorated in line with interest rate increases.”

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Coles CEO Leah Weckert talks profit margins, seasonal products in FY24 results

Inside Retail

“With ongoing cost-of-living pressures, we will continue responding to the needs of our customers with a focus on value through everyday low prices, weekly specials, Flybuys and Coles Own Brand,” said Leah Weckert, CEO and managing director of Coles Group. Coles also paid over $6 billion in salaries and wages to its team, a 5.75

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Is EDLP a better strategy during tough times?

Inside Retail

With claims Australia has been in a retail recession for 18 months, year-end result headlines are spruiking a consistent storyline of net profit losses – for most. But there’s one group of retailers bucking the trend. And that is the brands that have gone all-in on everyday low prices or EDLP. But retailers need to be consistent.