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Nick Scali’s net profit plunges amid Fabb Furniture acquisition

Inside Retail

Furniture retailer Nick Scali’s net profit plunged 20.3 million, which Nick Scali said reflects the previous year benefiting from increased deliveries with lead times returning to pre-Covid levels. million to group operating expenses in the fiscal second half. per cent year over year to $80.6 Revenue fell 7.8

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KPIs In Retail: 7 Essential Metrics to Level Up Your Retail Game

V Count

Gross and net profit Gross profit is the amount of money you have left after deducting the cost of goods sold from revenue. Your net profit, on the other hand, reflects the amount of money you have left after having paid all your allowable business expenses — including administrative and operating costs.