Half Year 2026 Adairs Ltd Earnings Call Transcript

Feb 22, 2026 / 12:00 AM GMT

Release Date Price: €1.15 (+9.52%)

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

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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 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.

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Unidentified_2 [2]
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Ahead.

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

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