Half Year 2024 Reject Shop Ltd Earnings Call Transcript

Feb 21, 2024 / 10:30PM GMT
Operator

Thank you for standing by, and welcome to The Reject Shop H1 FY24 results announcement call. (Operator Instructions) I would now like to hand the conference over to Mr. Clinton Cahn, CEO and CFO. Please go ahead.

Clinton Cahn - Reject Shop Ltd - Chief Executive Officer, Chief Financial Officer

Thank you, Ashley. Good morning, everyone. I'm Clinton Cahn, The Reject Shop CEO and CFO, and it's my pleasure to welcome you to our 2024 half-year results conference call. Joining me on the call is Amy Eshuys, our Chief Operating Officer, who will join me in answering questions during the Q&A section of this call.

I'll start by walking you through the company's first half '24 results, which is summarized on slides 3 and 4. We have again presented our financial results on both a pre and post AASB 16 basis, which will assist you in comparing the result with historical performance. Our results include sales of $458.3 million, which were up 4.2% on the prior period and 2.3% on a comp store basis.

Then on a pre AASB 16 basis, gross profit was $185.1

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