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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. The post Myer’s netprofit tumbles as labour, marketing costs increase appeared first on Inside Retail Australia. Sales remained flat at $1.83
Lovisa’s netprofit increased in the first half after the opening of 43 new stores worldwide. The jewellery and accessories retailer’s profit grew 6.5 Last fiscal year, Lovisa’s netprofit grew 20.9 per cent to $56.9 million as revenue climbed 8.8 per cent to $405.9 per cent to $82.4
Accent Group booked higher netprofit on the back of 42 new store openings in the fiscal first half. The fashion group’s netprofit increased 11.7 The post Accent Group’s netprofit rises amid 42 new store openings appeared first on Inside Retail Australia. million as sales rose 4.2
Temple & Webster’s netprofit more than doubled in the first half, thanks to an increase in new and repeat customers, and higher average order values. The furniture retailer’s netprofit surged 117.9 per cent year over year to $9 million as revenue soared 23.6 per cent to $313.7 million, up 22 per cent.
Miniso’s netprofit grew amid a higher store count in the third quarter ended September 30. The company’s third-quarter netprofit rose 4.9 In the first nine months, netprofit jumped 11.6 per cent to US$92.4 million while revenue soared 19.3 per cent to $644.5 per cent to $260.2 per cent to $1.75
Footwear retailer Accent Group ‘s netprofit plunged amid higher sales in the last fiscal year. The company saw netprofit dip 32.9 The post Accent Group’s netprofit plunges 32.9 per cent to $59.5 million despite sales increasing 2.7 per cent to $1.61
Wesfarmers posted higher netprofit amid stronger sales across its retail businesses in the fiscal first half ended December 31. The group’s netprofit rose 2.9 The post Wesfarmers posts higher netprofit on higher Bunnings, Kmart, Officeworks sales appeared first on Inside Retail Australia.
Domino’s Pizza Enterprises saw netprofit decline despite higher sales during the past fiscal year. The company’s netprofit fell 1.9 This will be offset by planned store closures to improve profitability in France and Japan. per cent to $120.4 million while network sales grew 4.6 per cent to $4.19
Universal Store Holdings has appointed George Do in the newly created role of Universal Store and Perfect Stranger divisional CEO, effective March 1, after suffering a steep netprofit decline in the first half. The new appointment comes after the group posted a netprofit of $11.3 per cent, which included a $13.6
Step One Clothing ‘s netprofit surged in the last fiscal year, thanks to higher revenue across all its geographies and channels. The underwear retailer’s netprofit soared 43.9 The post Step One’s netprofit surges 43.9 per cent to $12.4 million as revenue jumped 29.7 per cent to $84.5
Universal Store Holdings saw its netprofit 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. The post Universal Store’s netprofit surges 45.3 per cent to $34.3
Hallensteins Glassons anticipates reporting a higher netprofit amid improved sales in the last fiscal year. In a trading update, the New Zealand-listed trans-Tasman fashion retailer said it expects to report a netprofit of between NZ$34 million and $34.75 million (A$31.4 million to $32.1 million) a year ago.
Endeavour Group’ s netprofit fell 3.2 ” The post Endeavour Group’s netprofit slips despite higher sales appeared first on Inside Retail Australia. per cent to $512 million, while sales increased 3.6 per cent to $12.3 per cent to $685 million as sales climbed 3.4 per cent to $10.25 billion. .
Department store chain Myer expects fiscal first-half sales and netprofit to decline year over year amid a challenging trading environment. “Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has an impact on profits.” Online sales account for 21.3
Furniture retailer Nick Scali’s netprofit plunged 20.3 The post Nick Scali’s netprofit plunges amid Fabb Furniture acquisition appeared first on Inside Retail Australia. per cent year over year to $80.6 million in the 12 months ended June 30. Revenue fell 7.8 per cent to $468.2
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 The post Retail Food Group’s netprofit surges 73.8 per cent year over year to $7.3 million as revenue increased 19.2
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 The post Coles delivers higher netprofit amid increase in sales appeared first on Inside Retail Australia. per cent to $1.12
Retail Food Group swung to a netprofit of $5.8 The post Retail Food Group swings to netprofit on store outlets expansion appeared first on Inside Retail Australia. million amid an expanding network of store outlets during the past fiscal year. The company’s revenue increased 9.7 per cent to $211.7
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. The delays are adding significant risks to Nick Scali’s capacity to hit its $30 million to $33 million netprofit guidance for ANZ.
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
Solid results in the Australian food and B2B business segments drive an increase in first-half sales and netprofit for Woolworths Group. The supermarket group’s netprofit rose 2.5 The post Woolworths books higher netprofit, sales in first half appeared first on Inside Retail Australia.
On the bottom line, netprofit before tax fell 12.7 The brand operated 307 stores across its proprietary markets of Australia, New Zealand, the UK, Ireland, Singapore and Malaysia at the end of the first half. per cent to $148.4
In the last fiscal year, Kogan swung to a netprofit of $83,000 despite a 6.1 Although implementation and technology challenges temporarily adversely impacted Mighty Ape sales during the peak period, the issues have since been largely resolved. per cent decrease in revenue.
Baby Bunting’s netprofit surged amid higher revenue in the first half as a new product range lifted the average selling price and gross margin. The baby products retailer saw statutory netprofit soar 45.3 ” For the full fiscal year, the company forecasts pro forma netprofit to be in the range of $9.5
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
Harvey Norman ‘s netprofit and revenue fell amid inflationary pressures in the last fiscal year. The furniture and electronics retailer’s profit declined 34.7 The post Harvey Norman’s netprofit plunges 34.7 per cent to $187.1 million as revenue slid 3.9 per cent to $4.11 per cent to $971.2
Australian-listed appliance maker Breville Group’s netprofit rose 7.5 ” The post Breville’s netprofit up; the Americas, EMEA lead growth appeared first on Inside Retail Australia. per cent to $118.5 million in the last fiscal year. The company booked record revenue of $1.53 billion, up 3.5
The Reject Shop’s netprofit declined significantly despite higher sales in the last fiscal year. The discount retailer’s netprofit plunged 35.9 “In order to address these challenges, management has been focused on gross profit margin improvement. per cent to $4.7 million while sales grew 4.1
However, its netprofit attributable to shareholders declined 36.6 “As we expand margins, grow our online channels and store network we are well placed to deliver a material step change in both revenue and profit growth over the next three years.” million, with an EBITDA margin of 4.5 Sales rose 2.3
Endeavour Group’s netprofit declined in the first half, impacted by the Victor ian supply chain disruption during the peak end-of-year trading period. The group’s netprofit fell 15.1 per cent to $298 million while sales slid 0.7 per cent to $6.62 Retail sales declined 1.5 per cent to $5.5
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
Woolworths Group booked lower profit in the first half, attributed to the 17-day industrial action impacting its supermarket business last December and a trend of customers seeking more value when shopping. The group’s netprofit fell 20.6 per cent to $739 million after earnings before interest and taxes (EBIT) slid 14.2
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
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 The post Adairs books lower netprofit as customer count falls appeared first on Inside Retail Australia.
Netprofit grew to an average of three percent, up from one percent in 2019. FMI’s “The Food Retailing Industry Speaks 2021” report found that the average grocery retailer posted a 15.8 percent increase in same-store sales in 2020 but also found cost increases tied to the pandemic.
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 The post Vicinity Centres posts full-year netprofit of $271.5
The supermarket chain’s netprofit before significant items slid 0.6 billion while netprofit after significant items plummeted 93.3 Woolworths Group booked lower earnings despite higher sales in the last fiscal year. per cent to $1.71 per cent to $108 million. The group’s sales climbed 5.6 per cent to $67.92
In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in netprofit. However, the buy now, pay later (BNPL) company still has not revealed how many shares it plans to sell, their price range or when the IPO will take place. The Sweden-based company, which has operated in the U.S.
The acquisition announcement comes as JB Hi-Fi reports a decline in netprofit and sales in the last fiscal year. Its netprofit fell 16.4 . “JB Hi-Fi’s deep understanding of the homemaker sector and extensive experience in the appliance industry make it an ideal partner for our business,” said Sinclair.
Myer saw a decline in netprofit in the last fiscal year due to the underperformance of Sass&Bide, Marcs, and David Lawrence, inflationary pressures, and store closures. The department store chain’s netprofit fell 26 per cent to $52.6 million as sales dipped 2.9 per cent to $3.27 per cent of total sales.
Last month, Wesfarmers reported its netprofit rose 2.9 The post Wesfarmers to book up to $130 million profit from BPI structure wind up appeared first on Inside Retail Australia. BPI issued 12-year senior secured notes to investors to fund the sale and leaseback. per cent to $1.47 billion during the first half.
After facing a 48% drop in netprofit for the first half 2024, Stellantis is planning to lay off up to 2,450 U.S. plant workers in Warren, Michigan, later this year.
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