Feb 26, 2024 / 12:00AM GMT
Operator
Thank you for standing by, and welcome to Adairs Limited Interim FY '24 Results. (Operator Instructions)
I would now like to hand the conference over to Mr. Mark Ronan, Managing Director and Chief Executive Officer. Please go ahead.
Mark Ronan - Adairs Ltd - Chief Executive Officer, Managing Director, Executive Director
Good morning, everyone, and welcome to the Adairs first half 2024 results call. Joining me this morning on the call is Ash Gardner, our CFO, and Jamie Adamson, our Head of Investor Relations. Whilst the first half of 2024 was challenging from a sales perspective, the group successfully delivered on a range of short-term objectives to reduce the impact of the sales decline on the group EBIT.
Sales were down across Adairs and Focus, with both brands impacted by reduced customer traffic and port delays that resulted in stock shortages towards the back end of the season. Across the group, online outperformed stores on the back of key events such as Black Friday, where urgency drives a high conversion for the online channel.
Half Year 2024 Adairs Ltd Earnings Call Transcript
Feb 26, 2024
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