Sales of $1.7 billion (excluding Boxing Day) – reflects strong rebound in second quarter sales across all four core brands1
• 46.7 per cent Group gross margin – maintained margin uplift above pre COVID-19 levels despite higher supply chain costs
• Record online sales – digital sales up 64 per cent to $389 million
• Acceleration of growth in active club members – up 22 per cent to 8.7 million2
• Fortified inventory position – mitigated the impact of supply chain disruption, enabling the Group to capture strong consumer demand
• Investment in stores, digital and team to support future growth – resulting in normalisation of operating costs
• Successfully navigated extended period of store lockdowns via omni-retail execution – Click & Collect sales up 109 per cent
• Store network expansion – completed 15 new store openings and 28 refurbishments and relocations
• Conservative balance sheet – no bank debt and $94 million cash balance
• Normalised EPS of 49.9 cents and fully franked interim dividend of 27.0 cents per share
Chief Executive Officer and Group Managing Director Anthony Heraghty said “We are pleased to have delivered a strong top line sales performance in the first half, despite the challenges of Omicron and a disrupted global supply chain. I would like to thank our team members, who have all contributed to this result, for their dedication and passion in what has been an extremely challenging period.”
“After COVID-19 lockdowns disrupted trade in the first quarter, we delivered a fast finish to the half, achieving a record second quarter sales result. Our omni-retail capability and execution has been key to meeting consumer demand, underpinning a record digital sales performance driven by uptake in Click & Collect.”
“We entered the second half with strong sales momentum, which has continued in the new calendar year. Looking forward, the Group will continue to reinvest in the business, including digital, loyalty and network to execute our strategic priorities and grow our four core brands.”
Disc: Not held
