Despite near term headwinds, Adairs (ASX: ADH) optimistic about FY24 performance.

Mon 05 Feb 24, 12:11 AM | Team Kalkine

Image source: Shutterstock

Highlights

Adairs Limited (ASX: ADH) is an Australia-based omnichannel specialty retailer of home decoration and furniture products in New Zealand and Australia.

During the financial year 2023 (FY23), the company reported 10.1% YoY rise in revenue to AUD 621.3 million, backed by 20.9% increase in store sales. However, the revenue was partially offset by 10.5% YoY fall in online sales. During the reported period, the company witnessed 5.8% YoY increase in gross profit, underpinned by topline growth.

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