Adairs Ltd (FRA:1FQ)

€ 1.17 0.02 (1.74%) Market Cap: 208.02 Mil Enterprise Value: 365.86 Mil PE Ratio: 9.48 PB Ratio: 1.48 GF Score: 86/100

Half Year 2023 Adairs Ltd Earnings Call Transcript

Feb 20, 2023 / 12:00AM GMT

Release Date Price: €1.52 (+2.01%)

Transcript

Operator

Thank you for standing by, and welcome to the Adairs Limited release of the First Half Year 2023 results. All participants are in listen-only mode. There will presentation followed by a question-and-answer session. (Operator Instructions) . I would now like to hand the conference over to Mr. Mark Ronan, Managing Director and CEO. Please go ahead.

Mark Ronan

Adairs Limited - MD, CEO & Executive Director

Good morning, everyone, and welcome to the Adairs First Half 2023 Results Call. Joining me this morning on the call is Ash Gardner, our CFO; and Jamie Adamson, our Head of Investor Relations. First half of 2023 saw the group deliver record sales of $324.2 million with Adairs recording a record half year sales result. Focus on Furniture continuing to deliver strong sales and margin growth and Mocka restoring customer confidence after the challenges of the 2022 financial year. Across the brands, we saw the consumer continuing to choose to shop in store, benefiting Adairs and Focus and highlighting the benefits of our omnichannel strategy. Gross margin was down

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