Brief: Adairs Says 1H FY22 Unaudited Group Sales Of A$242 Mln

Adairs

24/01/2022 01:28

Jan 24 (Reuters) - Adairs Ltd  ADH.AX :
    * 1H FY22 UNAUDITED GROUP SALES OF A$242 MILLION
    * 1H FY22 UNDERLYING EBIT IS EXPECTED TO FINALISE IN RANGE
OF
A$32.0-A$33.0 MILLION
    * ESTIMATE THAT COVID-RELATED STORE CLOSURES REDUCED ADAIRS
SALES
IN HALF BY ABOUT A$30-36 MILLION AND EBIT BY ABOUT A$14-$18
MILLION
    * HIGH AVAILABILITY OF PRODUCT IN DISTRIBUTION CENTRES AND
STORES
ACROSS ALL BRANDS GOING INTO 2H FY22
    * MOST SIGNIFICANT FACTOR IMPACTING ADAIRS TOTAL SALES IN HY
WAS
GOVERNMENT MANDATED STORE CLOSURES
    * COST OF DOING BUSINESS (CODB) WILL BE ELEVATED IN 1H FY22

Source text for Eikon:  ID:nASX1LYT4 
Further company coverage:  ADH.AX 

 ((Reuters.Briefs@thomsonreuters.com;))