Half Year 2025 Adairs Ltd Earnings Call Transcript

Feb 23, 2025 / 12:00 AM GMT

Release Date Price: A$2.68 (-6.94%)

Transcript

Key Points

Positve

Adairs Ltd (ASX:ADH) reported a strong first half of FY25 with total sales up 6.6% compared to the same period last year.
The company achieved a record sales half, driven by a positive customer response to key categories such as bed linen and improved inventory availability.
Gross profit improved by 20 basis points, and underlying EBIT increased by 10% to $33 million.
The National Distribution Center (NDC) improvements led to a 20% increase in items delivered to stores, enhancing in-store product availability.
Adairs Ltd (ASX:ADH) declared an interim dividend of 6.05 cents per share, reflecting confidence in future performance.

Negative

Focus on Furniture faced a challenging trading period with sales down 4.1% and gross profit margins declining by 250 basis points.
The New Zealand market for Moa experienced a 10.2% decline in sales, highlighting regional challenges.
Currency headwinds are expected to impact gross margins in FY26, with the company planning to address these challenges.
Focus on Furniture's performance is hindered by an overexposure to the Victorian market, which is currently underperforming.
The company anticipates temporary store closures for refurbishments, which may impact short-term sales.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ADH.AX - Adairs Ltd
Half Year 2025 Adairs Ltd Earnings Call
Feb 24, 2025 / 12:00AM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to the Adairs Limited first half FY25 results announcement. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number 1 on your telephone keypad. I would now like to hand the conference over to El Rosby, Group CEO and managing director. Please go ahead.

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Unidentified_2 [2]
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Thank you. Well, good morning, everyone, and thank you for joining us as we present our half one results for the

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