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Adairs reaffirms guidance with consumer confidence ‘robust’

Carrie LaFrenz
Carrie LaFrenzSenior reporter

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Adairs has reconfirmed its full year guidance but says the performance of its online only homewares business, Mocka, has been dented as shoppers return to its bricks and mortar stores.

Chief executive Mark Ronan told shareholders at the annual meeting on Friday that trading in the first 16 weeks of the new financial year 2023 remains in line with his plan and is consistent with the estimates provided in August that both sales and profits will grow this year.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/retail/adairs-affirms-guidance-with-consumer-confidence-robust-20221021-p5brow