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

Full Year 2024 Adairs Ltd Earnings Call Transcript

Aug 21, 2023 / 01:00AM GMT

Release Date Price: €0.815 (-15.10%)

Transcript

Operator

Thank you for standing by, and welcome to Adairs Limited FY '23 Results Call. (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 2023 financial year results call. Joining me this morning on the call is Ash Gardner, our CFO; and Jamie Adamson, our Head of Investor Relations.

2023 financial year saw the group deliver record sales despite the more challenging trading environment encountered over the back half of the year. The group delivered sales of $621.3 million, up 10% on FY '22 on the back of strong product execution across the brands, uninterrupted store trading through the year with no COVID-related store closures in FY '23 and a full year contribution from Focus on Furniture. Across the year, we saw a normalization of the sales between stores and online channels with group online sales coming back to 28.6% of sales as customers returned to stores.

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