Half Year 2026 Adairs Ltd Earnings Call Transcript

Feb 22, 2026 / 12:00 AM GMT

Release Date Price: A$2 (+10.50%)

Transcript

Key Points

Positve

Adairs Ltd (ASX:ADH) achieved record group sales of 329 million, up 5.9% in the first half of FY26.
The company saw strong performance during key trading events like Black Friday, Christmas, and Boxing Day, contributing significantly to sales.
Moka, one of Adairs Ltd's brands, delivered an outstanding half with sales up 29.8%, driven by new product innovation.
The company improved cost efficiency and service levels from the national distribution center, achieving cost reductions despite sales growth.
Adairs Ltd's technology upgrade is progressing well, with a planned go-live in the first half of FY27, supporting future growth.

Negative

Despite record sales, Adairs Ltd did not achieve profit growth due to aggressive clearance activity in Q1.
Gross margin was down 170 basis points to 60.7%, impacted by clearance activities and promotional events.
Focus on Furniture, another brand under Adairs Ltd, faced challenges with like-for-like sales down 3.3% and profit declining by 32%.
The company plans to close 6 to 7 smaller, less profitable stores in the next 6 months due to rising rents and pressure on smaller stores.
Underlying EBIT for the group was down 9.1% from last year, primarily due to Q1 clearance activities.

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

ADH.AX - Adairs Ltd
Half Year 2026 Adairs Ltd Earnings Call
Feb 23, 2026 / 12:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Thank you for standing by and welcome to the Adairs Limited first half FY26 results call.

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'll need to press the star key followed by the number one on your telephone keypad.

I would now like to hand the conference over to Elle Roseby, Managing Director and group Chief Executive Officer. Please go.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Ahead.

Well, good morning and thanks everyone for joining us. I'm

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.