X

Tepid sales lift in OZ, but global op’s perform betterHarvey Norman Australian sales rose 1.5% for the nine months to 31 March according to new figures released today. 

Its third quarter marked the largest rise of the three, up 1.8%, suggesting the electronics retailer is enjoying a slight lift, although pales in comparison to JB Hi-Fi sales up almost 7% to $1.94 billion for the half year to December 31. 
Like-for-like sales rose 3.4% for the nine month period, despite the closure of five Harvey Norman franchises and one Joyce Mayne store. 
Total global sales were up 4% to $4.33 billion for the nine months, with NZ stores up 16.5%, Slovenia and Croatia (+16%), Ireland (+23%) all rose significantly, with Northern Ireland the only country to fall, compared to the same time a year ago. 
Like-for-like global sales rose 5.2%, and were positively affected by almost 20% appreciation in the Euro, 13% appreciation in the NZ$ and the UK Pound. 
During the nine months, two new (company operated) stores were opened in New Zealand. 
Despite the positive result, shares fell -1.69% to $3.20 on the ASX today. 
CUST Retention FY22 Sport WinterCodes Q3 NRL 728x90 Harvey Norman Tepid Growth +1.5%
728x90 Harvey Norman Tepid Growth +1.5%
4Square clarity ad 1 Harvey Norman Tepid Growth +1.5%
BlueAnt PumpAirLite WebBanners 728x90 Harvey Norman Tepid Growth +1.5%
728x90 Harvey Norman Tepid Growth +1.5%
1 Harvey Norman Tepid Growth +1.5%
Leaderboard 728x90 Harvey Norman Tepid Growth +1.5%
2 1 Harvey Norman Tepid Growth +1.5%
211112 4Square Banner Narrow TWE3B 2 Harvey Norman Tepid Growth +1.5%
728x90  Harvey Norman Tepid Growth +1.5%


YOU MAY ALSO LIKE