Homegrown hero Adairs sees room for more after bumper 2021
Sue MitchellColumnist
Key Points
- Full-year revenue ($m) 499.8, up 29pc
- Pre-tax profit ($m) 95.3, up 81pc
- Net profit ($m) 63.7, up 81pc
- Final dividend (¢) 10 v 11
- Date dividend payable: September 23
Homewares retailer Adairs is ramping up its Linen Lovers loyalty program and expanding its product range to capture an even bigger share of spending after reaping the benefits of a pandemic-inspired home renovation boom.
Chief executive Mark Ronan said the retailer’s “exceptional” performance last financial year, when net profit rose 81 per cent to $63.7 million, was not a flash in the pan and there was more growth to come.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
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