Aug 26, 2019 / 01:00AM GMT
Operator
Thank you for standing by and welcome to the Adairs' Results Call for the 2019 Financial Year. (Operator Instructions)
I would now like to hand the conference over to Mr. Mark Ronan, Managing Director and CEO of Adairs. Please go ahead, Mr. Ronan.
Mark Ronan - Adairs Limited - MD, CEO & Executive Director
Thank you. Good morning, and welcome to the Adairs 2019 Financial Year Results Call. With me this morning is our new CFO, Ash Gardner; and our new Head of Investor Relations, Jamie Adamson.
And starting the 2019 financial year result, where Adairs achieved a very good sales result with top line sales growth of plus 9.7%, driven by like-for-like sales of 7.2%. The like-for-like result was off the back of another great year in online, up 42%, and a solid store like-for-like sales result of plus 1.5%. We were very pleased with the sales result and the execution on product throughout the year. Our gross margin result was in line with our guidance, coming in at 59.2% pre-AASB 15 adjustments. Throughout the year, the gross margin rate was
Full Year 2019 Adairs Ltd Earnings Call Transcript
Aug 26, 2019
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